American Express Q3 EPS $3.49, revenue record $16.6B; raises FY guidance

AMERICAN EXPRESS CO

2024-Q3 EPS reported $10.97 revenue$28,873,000,000

Q3 EPS $3.49 vs $3.30 YoY; net income $2.507B up 2%.
Record quarterly revenue $16.6B +8% YoY; 10th consecutive quarter of record revenue.
Card member spending +6%, card fee revenue +18%; added 3.3M new premium cards.
Raised FY2024 EPS guidance to $13.75-$14.05 from $13.30-$13.80.

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