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https://www.barrons.com/articles/american-express-earnings-revenue-stock-618c08e4

American Express Earnings Miss. It’s Bracing for a Cardholder Debt Struggle.

By
Jack Denton
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American Express profit disappointed in the first quarter as the company braced for debt struggles among credit card holders, even as revenue soared to an all-time high.

Amex (ticker: AXP) reported earnings of $2.40 a share in the first quarter—down from $2.73 a year ago—on record quarterly revenue of $14.28 billion. Analysts surveyed by FactSet had expected the group to report earnings per share of $2.66 on revenue of $13.98 billion, with revenue rising from $11.74 billion in the first quarter of 2022.

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