"2024 was another strong year for American Express," CEO Stephen J. Squeri said in a statement. "We exited the year with increased momentum, with billings growth accelerating to 8 percent in the fourth quarter, driven by stronger spending from our consumer and commercial customers during the holiday season."

American Express shares fell Friday after the financial services firm reported fourth-quarter results mostly in line with analysts' expectations.

Wall Street analysts raised their price targets on American Express after the company's strong Q4 earnings, with revenue growth of 9% and plans for further growth in 2025 and 2026.

American Express (AXP) reports Q4 earnings with expected EPS of $3.04 and revenues of $17.16B. Stock is reaching new 52-week high of $326.27 before report. Charts show bullish trend.

In addition to an earnings beat, American Express disclosed a 17% increase to its quarterly dividend. Here's what that means for the Dow Jones stock.

Wall Street pointed slightly lower in early trading Friday but remains on track to close the week with solid gains with major corporations turning in largely healthy earnings reports. Futures for the S&P 500 ticked down 0.

The credit card lender and network introduced guidance for 2025 EPS of $15.00-$15.50 (midpoint $15.25), compared with the consensus estimate of $15.22 and $13.35 reported in 2024 (excluding notable items). It expects 2025 revenue growth of 8%-10% from 2024's $65.9B, implying $71.2B-$72.5B ($71.6B consensus).

American Express expects full-year earnings to be $15 to $15.50 per share. American Express shares have climbed roughly 10% since the beginning of the year, while the S&P's 500 index has climbed 28%. The stock has increased 76% in the last 12 months.

ET, the Dow Jones Industrial Average fell 0.12 per cent, the S&P 500 gained 0.01 per cent, the Nasdaq Composite lost 0.03 per cent

The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including American Express Co. (AXP), Lockheed Martin Corp.

The roughly $78 billion the Oracle of Omaha has spent buying this stock since mid-2018 decisively signals it's his favorite.

On Wall Street, Tesla drove 2.9% higher even though Elon Musk’s electric-vehicle company reported a weaker profit for the latest quarter than analysts expected. Mr Musk asserted Tesla will offer unsupervised “full self-driving” technology to its customers as a paid service starting in Austin in June.