"2024 was another strong year for American Express," CEO Stephen J. Squeri said in a statement. "We exited the year with increased momentum, with billings growth accelerating to 8 percent in the fourth quarter, driven by stronger spending from our consumer and commercial customers during the holiday season."

In addition to an earnings beat, American Express disclosed a 17% increase to its quarterly dividend. Here's what that means for the Dow Jones stock.

American Express (AXP) shares moved lower in premarket trading Friday after the financial services firm reported fiscal 2024 fourth-quarter results mostly in line with analysts' expectations. The credit card giant reported quarterly net income of $2.

The Wall Street Journal had reported on a series of deceptive and strong-arm tactics the card company used to increase small business sign-ups.

Wall Street pointed slightly lower in early trading Friday but remains on track to close the week with solid gains with major corporations turning in largely healthy earnings reports. Futures for the S&P 500 ticked down 0.

American Express (AXP) reports Q4 earnings with expected EPS of $3.04 and revenues of $17.16B. Stock is reaching new 52-week high of $326.27 before report. Charts show bullish trend.

The payment includes two separate settlements: one over misleading sales tactics for credit cards, and another concerning its wire services.

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ET, the Dow Jones Industrial Average fell 0.12 per cent, the S&P 500 gained 0.01 per cent, the Nasdaq Composite lost 0.03 per cent

The credit card lender and network introduced guidance for 2025 EPS of $15.00-$15.50 (midpoint $15.25), compared with the consensus estimate of $15.22 and $13.35 reported in 2024 (excluding notable items). It expects 2025 revenue growth of 8%-10% from 2024's $65.9B, implying $71.2B-$72.5B ($71.6B consensus).

American Express is set to report its Q4 financial results on Friday before the opening bell. Here's what investors will be watching for.

American Express on Friday beat Wall Street revenue expectations, as more consumers swiped its cards during the holiday season for travel and online shopping. A strong holiday season against the backdrop of a falling rate environment helped AmEx sustain spending volumes.