American Express Raises Full-Year EPS Guidance From $12.65-$13.15 To $13.30-$13.80 vs $12.97 Est.
Portfolio Pulse from Benzinga Newsdesk
American Express (AXP) has raised its full-year EPS guidance from $12.65-$13.15 to $13.30-$13.80, surpassing the estimated $12.97.
July 19, 2024 | 11:03 am
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American Express has increased its full-year EPS guidance to $13.30-$13.80, which is higher than the estimated $12.97. This positive revision indicates strong financial performance and could boost investor confidence.
The upward revision of EPS guidance suggests that American Express is performing better than expected, which is likely to positively impact its stock price in the short term as investors react to the improved financial outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100