secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN EXPRESS CO (AXP)
CIK:        0000004962
Form:       8-K
Filed at:   2024-04-19T23:59:59+00:00
Accession:  0000004962-24-000029
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 Q1 revenue $15.8B (+11%), EPS $3.33 (+39%); FY2024 guidance reaffirmed
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- Revenue $15.8B (+11% YoY); EPS $3.33 vs $2.40 in Q1 2023.
- Card Member spending (billed business) $367.0B, up 6% reported (7% FX-adjusted).
- Net income $2.4B (+34%); provisions for credit losses $1.3B (+20% YoY).
- New card acquisitions of 3.4 million; fee-based products ~70% of new accounts.
- Quarterly dividend raised to $0.70/share from $0.60, a 17% increase.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/4962/000000496224000029/0000004962-24-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/4962/000000496224000029/axp-20240419.htm
  HTML page:      https://secwatch.observer/filing/0000004962-24-000029

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