American Express Company (AXP) will unveil its first-quarter results on April 19. Wall Street anticipates the credit card giant to post higher revenue and earnings in the first quarter. With AXP’s earnings expected shortly, I have discussed why waiting for an opportune entry point in the stock could be wise.
For the first quarter, AXP’s EPS and revenue are expected to increase 24.2% and 10.5% year-over-year to $2.98 and $15.79 billion, respectively. The company achieved record revenues and profits in 2023 and added 12.2 million new proprietary cards last year, bringing the total number of cards-in-force issued on its global network to over 140 million.
