American Express Earnings, Revenue Beat in Q2
2022.07.22 14:34
American Express Earnings, Revenue Beat in Q2
Investing.com – American Express (NYSE:AXP) reported on Friday second quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
American Express announced earnings per share of $2.57 on revenue of $13.4B. Analysts polled by Investing.com anticipated EPS of $2.41 on revenue of $12.49B.
American Express shares are down 8% from the beginning of the year, still down 24.74% from its 52 week high of $199.55 set on February 16. They are outperforming the S&P 500 which is down 16.1% from the start of the year.
American Express follows other major Financial sector earnings this month
American Express’s report follows an earnings missed by JPMorgan on July 14, who reported EPS of $2.76 on revenue of $30.72B, compared to forecasts EPS of $2.89 on revenue of $31.81B.
Bank of America had missed expectations on Monday with second quarter EPS of $0.73 on revenue of $22.69B, compared to forecast for EPS of $0.7485 on revenue of $22.72B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
