American Express Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

American Express reported strong earnings for the Second Quarter of 2024, with a net income of US$2.98 billion, reflecting a 39% increase from the same period last year. The company's revenue reached US$15.1 billion, an 8.7% year-over-year increase, although it fell short of expectations. The earnings per share (EPS) of US$4.16 marked a significant 46% rise compared to US$2.90 in the previous year. Additionally, American Express improved its profit margin to 20%, up from 16% in 2023. Looking ahead, the company anticipates an average annual revenue growth of 9.8% over the next three years, which is slightly below the 12% growth forecast for the Consumer Finance industry in the US.

American Express Company

Amex Temporarily Increases Gold Card Welcome Bonus to Up to 30,000 Points

Amex temporarily increases Gold card welcome bonus to up to 30000 points – Business Traveller

American Express has temporarily increased the welcome bonus for its Preferred Rewards Gold Credit Card, offering up to 30,000 points for new cardholders. The bonus is broken down into 25,000 points after spending £3,000 in the first three months and an additional 5,000 bonus points in the 15th month of cardmembership.

American Express Company is a multinational financial services corporation that specializes in payment cards and banking services. It was founded in 1850 as a freight forwarding company and has since evolved to offer a wide range of financial and travel services to its clientele.

American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide. The company operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Its products and services include payment and financing products; network services; accounts payable expense management products and services; and travel and lifestyle services. The company's products and services also comprise merchant acquisition and processing, servicing and settlement, point-of-sale marketing, and information products and services for merchants; and fraud prevention services, as well as the design and operation of customer loyalty programs. It sells its products and services to consumers, small businesses, mid-sized companies, and large corporations through mobile and online applications, third-party vendors and business partners, direct mail, telephone, in-house sales teams, and direct response advertising. American Express Company was founded in 1850 and is headquartered in New York, New York.

COM:AMERICANEXPRESS

American Express Company

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