secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN EXPRESS CO (AXP)
CIK:        0000004962
Form:       8-K
Filed at:   2023-04-20T23:59:59+00:00
Accession:  0000004962-23-000015
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AmEx Q1 revenue record $14.3B (+22% YoY); EPS $2.40 (-12% YoY) as credit costs rise; reaffirms FY guidance
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- Revenue $14.3B record, up 22% YoY; card member spending up 16% FX-adjusted, T&E up 39%.
- Diluted EPS $2.40 (down 12% YoY); net income $1.8B (down 13%); provisions for credit losses $1.055B vs $33M benefit prior year.
- Dividend declared $0.60 per share, up 15% from $0.52.
- Reaffirmed FY2023 guidance: revenue growth 15-17%, EPS $11.00-$11.40.
- U.S. Consumer Services pretax income $1.1B (down 26% YoY); International Card Services pretax $189M (down 23%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/4962/000000496223000015/0000004962-23-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/4962/000000496223000015/axp-20230420.htm
  HTML page:      https://secwatch.observer/filing/0000004962-23-000015

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