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American Express | 8-K: American Express Raises Full-Year Earnings per Share Guidance

American Express | 8-K: American Express Raises Full-Year Earnings per Share Guidance

美國運通 | 8-K:美國運通上調全年每股收益預期
美股SEC公告 ·  2024/07/19 19:07

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American Express reported strong Q2 2024 results with net income rising 39% to $3.0 billion and EPS increasing 44% to $4.15, including a $0.66 gain from the Accertify sale. Excluding the transaction gain, adjusted EPS grew 21% to $3.49. Revenue reached a record $16.3 billion, up 8% (9% FX-adjusted), driven by higher net interest income, increased card member spending, and strong card fee growth.The company raised its full-year 2024 EPS guidance to $13.30-$13.80 from $12.65-$13.15 previously, while maintaining revenue growth guidance of 9-11%. Management plans to increase marketing investments by approximately 15% over last year without using the transaction gain. Credit performance remained best-in-class, with provisions for credit losses at $1.3 billion compared to $1.2 billion a year ago.Since end-2021, American Express has significantly expanded its business scale, growing revenues by nearly 50% and Card Member spending by almost 40%, while adding around 23 million new cards and over 30 million merchant locations. The company's consolidated expenses rose 1% to $11.3 billion, primarily due to higher customer engagement costs offset by lower operating expenses from the Accertify sale gain.
American Express reported strong Q2 2024 results with net income rising 39% to $3.0 billion and EPS increasing 44% to $4.15, including a $0.66 gain from the Accertify sale. Excluding the transaction gain, adjusted EPS grew 21% to $3.49. Revenue reached a record $16.3 billion, up 8% (9% FX-adjusted), driven by higher net interest income, increased card member spending, and strong card fee growth.The company raised its full-year 2024 EPS guidance to $13.30-$13.80 from $12.65-$13.15 previously, while maintaining revenue growth guidance of 9-11%. Management plans to increase marketing investments by approximately 15% over last year without using the transaction gain. Credit performance remained best-in-class, with provisions for credit losses at $1.3 billion compared to $1.2 billion a year ago.Since end-2021, American Express has significantly expanded its business scale, growing revenues by nearly 50% and Card Member spending by almost 40%, while adding around 23 million new cards and over 30 million merchant locations. The company's consolidated expenses rose 1% to $11.3 billion, primarily due to higher customer engagement costs offset by lower operating expenses from the Accertify sale gain.
美國運通在2024年第二季度報告了強勁的業績,凈利潤增長了39%,達到300億美金,每股收益增長了44%,達到4.15美元,其中包括來自Accertify出售的0.66美元收益。剔除交易收益後,調整後的每股收益增長了21%,達到3.49美元。營業收入達到創紀錄的163億美金,同比增長8%(外匯期貨調整後爲9%),主要由淨利息收入的增加、卡會員消費的增加和強勁的卡費增長驅動。公司將2024財年每股收益的指引提高至13.30-13.80美元,之前的指引爲12.65-13.15美元,同時保持營業收入增長的指引在9-11%之間。管理層計劃在不使用交易收益的情況下,將市場投資增加約15%。信用表現保持行...展開全部
美國運通在2024年第二季度報告了強勁的業績,凈利潤增長了39%,達到300億美金,每股收益增長了44%,達到4.15美元,其中包括來自Accertify出售的0.66美元收益。剔除交易收益後,調整後的每股收益增長了21%,達到3.49美元。營業收入達到創紀錄的163億美金,同比增長8%(外匯期貨調整後爲9%),主要由淨利息收入的增加、卡會員消費的增加和強勁的卡費增長驅動。公司將2024財年每股收益的指引提高至13.30-13.80美元,之前的指引爲12.65-13.15美元,同時保持營業收入增長的指引在9-11%之間。管理層計劃在不使用交易收益的情況下,將市場投資增加約15%。信用表現保持行業最佳,信用損失準備金爲130億美金,較去年同期的120億美金有所上升。自2021年底以來,美國運通顯著擴大了其業務規模,營業收入增長近50%,卡會員消費增長近40%,同時新增約2300萬張新卡和超過3000萬家商戶地點。公司的合併費用上漲了1%,達到113億美金,主要由於更高的客戶參與成本被來自Accertify出售收益的營業費用降低所抵消。
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