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American Express Stock (NYSE:AXP): Strong Earnings Strengthen the Bull Case [Yahoo! Finance]
Last american express company earnings: 4/24 07:00 am
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US:NYSE Investor Relations: ir.americanexpress.com
isn't overstretched, and financial growth is strong for the credit and debit card giant. While the company has been a GARP play for quite some time, its recent earnings report offers additional optimism. Therefore, I am bullish on this stock. Rising Revenue and Profit Margins American Express has consistently increased its revenue and profit margins. The company's profit margin currently sits in the double digits, and that trend continued in the first quarter of 2024. Revenue increased by 11% year-over-year, which was within expectations. However, the fintech firm shined with its net income. This metric grew by 34% year-over-year, which resulted in a 15.4% net profit margin. The company started 2024 on a strong note and is attracting younger generations. Notably, more than 60% of the company's new customers were Millennials or Gen Z consumers, and new card acquisitions came to 3.4 million in the quarter. Sure, American Express doesn't have profit margins as high as Visa ( NY
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NEWS
NEWS
- Complaints Reveal the Sneaky Tactics Credit Card Reward Programs Use [CNET News][CNET News]
- The Best Warren Buffett Stock to Buy With $100 Right Now [Yahoo! Finance][Yahoo! Finance]
- AmEx (AXP) Teams Up With Worldpay to Expand Payment Choices [Yahoo! Finance][Yahoo! Finance]
- Why This 1 Finance Stock Could Be a Great Addition to Your Portfolio [Yahoo! Finance][Yahoo! Finance]
- American Express Stock Still Looks Attractive Despite Soaring 29% This Year [Yahoo! Finance][Yahoo! Finance]
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AXP
SEC Filings
SEC Filings
- 5/15/24 - Form 8-K
- 5/13/24 - Form 4
- 5/10/24 - Form 144
- AXP's page on the SEC website
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