Investing.com - American Express (NYSE:AXP) reported fourth quarter earnings that beat analysts' expectations on Friday and revenue that was inline with forecasts.
The firm reported earnings per share of $2.03 on revenue of $11.37B. Analysts polled by Investing.com expected EPS of $2.01 on revenue of $11.37B. That compared to EPS of $2.32 on revenue of $10.47B in the same period a year earlier. The company had reported EPS of $2.08 on revenue of $10.99B in the previous quarter.
For the year, American Express shares are up 5.53%, outperforming the S&P 500 which is up 2.47% year to date.
American Express follows other major Financial sector earnings this month
On Tuesday, January 14, 2020, JPMorgan reported fourth quarter EPS of $2.57 on revenue of $29.21B, compared to forecasts of EPS of $2.35 on revenue of $27.87B.
Bank of America earnings beat analyst's expectations on Wednesday, January 15, 2020, with fourth quarter EPS of $0.74 on revenue of $22.35B. Investing.com analysts expected EPS of $0.68 on revenue of $22.22B
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