** charts after earnings **
American Express reported Q4 results, topping consensus for revs and reaching record levels of Card Member spending. Issued mixed FY22 guidance, seeing revs above consensus. Co's longer-term aspiration is to achieve revs growth in excess of +10% and EPS growth in the mid-teens as the economy reaches a steady state. Also announced its intention to increase its quarterly dividend to $0.52/share from $0.43/share starting in Q1.
CRYPTO PLANS
Company executives said on a conference call that AmEx would probably not launch a cryptocurrency card, but would consider using the digital asset as a possible redemption option in the future.
Rival Visa Inc has several card programs that let users earn bitcoin on purchases.
In the quarter to Dec. 31, AmEx's revenue excluding interest expense surged by 30% as spending on travel and entertainment more than doubled.
Net income came in at $1.7 billion, or $2.18 per share, higher than analyst's estimates of $1.87 per share, according to Refinitiv data.
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