secwatch.observer — SEC 8-K summary
======================================

Issuer:     AMERICAN EXPRESS CO (AXP)
CIK:        0000004962
Form:       8-K
Filed at:   2024-01-26T23:59:59+00:00
Accession:  0000004962-24-000008
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

American Express reports record FY 2023 revenue $60.5B, EPS $11.21; guides FY 2024 EPS $12.65-$13.15
--------------------------------------------------------------------------------

- FY 2023 net income $8.4B, diluted EPS $11.21 (+14% YoY); total revenue $60.5B (+14% reported, +15% FX-adj).
- Q4 2023 EPS $2.62 vs $2.07 YoY; revenue $15.8B (+11%). Provisions for credit losses $1.4B vs $1.0B.
- 2024 guidance: revenue growth 9-11%, EPS $12.65-$13.15. Management cites continued momentum and premium demand.
- Quarterly dividend increased 17% to $0.70/share, starting Q1 2024 declaration.
- Added 12.2M new proprietary cards in 2023; total cards-in-force >140M. Billed business $1.46T (+9% YoY).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/4962/000000496224000008/0000004962-24-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/4962/000000496224000008/axp-20240126.htm
  HTML page:      https://secwatch.observer/filing/0000004962-24-000008

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer