Investing.com - American Express (NYSE:AXP) reported fourth quarter earnings that beat analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $2.32 on revenue of $10.47B. Analysts polled by Investing.com forecast EPS of $1.8 on revenue of $10.58B. That compared to EPS of $1.86 on revenue of $9.08B in the same period a year earlier. The company had reported EPS of $1.88 on revenue of $10.14B in the previous quarter.
American Express shares lost 1.52% to trade at $98.00 in after-hours trade following the report.
For the year, American Express shares are up 4.4%, under-performing the Dow 30 which is up 5.68% year to date.
American Express follows other major Financial sector earnings this month
On Tuesday, JPMorgan reported fourth quarter EPS of $1.98 on revenue of $26.8B, compared to forecasts of EPS of $2.2 on revenue of $26.9B.
Bank of America earnings beat analyst's expectations on Wednesday, with fourth quarter EPS of $0.7 on revenue of $22.74B. Investing.com analysts expected EPS of $0.63 on revenue of $22.36B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar