Investing.com - American Express (NYSE:AXP) reported on Friday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
American Express announced earnings per share of $2.47 on revenue of $13.60. Analysts polled by Investing.com anticipated EPS of $2.41 on revenue of $13.47B.
American Express shares are down 12% from the beginning of the year and are trading at $142.42 , down-from-52-week-high.
American Express follows other major Financial sector earnings this month
American Express's report follows an earnings beat by JPMorgan on Friday, October 14, 2022, who reported EPS of $3.12 on revenue of $32.7B, compared to forecasts EPS of $2.92 on revenue of $32.13B.
Bank of America had beat expectations on Monday with third quarter EPS of $0.81 on revenue of $24.5B, compared to forecast for EPS of $0.78 on revenue of $23.56B.
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