As per reports, American Express Company (AXP) reported typically a strong quarter as customers splurged on gifts, travel, and entertainment, driving a 12% increase in total network volumes. Provisions for credit losses were $1.03 billion in the reported quarter, compared with $53 million a year earlier. The card giant reported a profit of $2.07 per share for three months ended December 31, missing analysts’ estimates of $2.22 per share. Total revenue increased 17% to $14.18 billion.
AmEx forecast 2023 net revenue growth between 15% and 17% and earnings per share of $11 to $11.40, analysts on average had expected $10.55 per share.
Dow 30 component American Express Company (AXP) and its subsidiaries provide customers and businesses with charge and credit payment card products and travel-related services globally. They look to enrich the lives of their customers and build business success. To learn more about American Express Company (AXP) and to continue to track its progress please visit the Vista Partners American Express Coverage Page.
DID YOU KNOW?
Fertility rates have hit a record low in the United States. The latest US government fertility statistics come from 2019, and they estimate there were 58.2 births year per 1,000 women of childbearing age (defined by the CDC as women between ages 15 and 44).
If you have ever struggled with infertility issues, or know someone who has, you are probably well aware of how demoralizing it can be. Imagine for a moment spending thousands of dollars and months of intensive medical procedure only to end up empty handed, exhausted, sad, and defeated because after all of that time, work, and money, you still don’t have a baby. That’s an incredibly difficult situation, and it’s becoming more common each passing year. Likewise, the need for more effective, less invasive infertility treatment options is increasing with each passing year. This is the sole focus of medtech company INVO Bioscience (NASDAQ: INVO). Learn more by reading the following story that we published recently.
INVO Bioscience (NASDAQ: $INVO), A Company Seeking To Address A Massively Underserved Fertility Market
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