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American Express earnings beat expectations on strong card fee revenues

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American Express on Friday reported fourth-quarter results that beat analyst expectations, sending the stock higher, as card fee revenues grew more than expected.

The shares rose 2.4% in premarket trading.

Here’s how the payments company’s results compared with what Wall Street analysts expected:

Earnings: $2.03 per share vs $2.01 per share forecast by Refinitiv

Revenue: $11.365 billion vs $11.36 billion expected

Net card fees: $1.08 billion vs StreetAccount estimate of $1.05 billion

Reported by CNBC

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