American Express (AXP) reported earnings on Fri 27 Jan 23 (b/o)

 ** charts after earnings **

 

American Express misses by $0.17, reports revs in-line; guides FY23 EPS above consensus, revs above consensus; plans dividend increase

• Reports Q4 (Dec) earnings of $2.07 per share, $0.17 worse than the S&P Capital IQ Consensus of $2.24; revenues rose 16.7% year/year to $14.18 bln vs the $14.25 bln S&P Capital IQ Consensus.
• Co issues upside guidance for FY23, sees EPS of $11.0-11.40 vs. $10.45 S&P Capital IQ Consensus; sees FY23 revs of +15-17% yr/yr to ~$60.8-61.85 bln vs. $58.76 bln S&P Capital IQ Consensus.
• Planned Dividend Increase - The company plans to increase the regular quarterly dividend on its common shares outstanding by 15 percent, from $0.52 to $0.60 per share, beginning with the first quarter 2023 dividend declaration.