American Express (AXP) Tops Q1 EPS by $1.13, Revenues Miss
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American Express Reports First-Quarter Revenue of $9.1 Billion and Earnings Per Share of $2.74
April 23, 2021 7:00 AM EDTNEW YORK--(BUSINESS WIRE)-- American Express Company (NYSE: AXP) today reported first-quarter net income of $2.2 billion, or $2.74 per share, compared with net income of $367 million, or $0.41 per share, a year ago. The results reflected the impact of $1.05 billion ($802 million after tax) in credit reserve releases2, primarily driven by continued improvements in the macroeconomic outlook and strong credit performance.
(Millions, except percentages and per share... More
