Skip to Content

American Express Q4 profits jump 20% on card spending

KVIA

By KEN SWEET
AP Business Writer

Credit card company American Express said Tuesday that its fourth-quarter earnings rose 20% from a year earlier, as eager consumers spent record levels of money during the holiday season on the company’s namesake cards. AmEx posted a profit of $1.72 billion, or $2.18 a share, up from a profit of $1.44 billion, or $1.76 a share, a year earlier. The results were far better than what analysts’ were looking for, who on average expected a profit of $1.86 a share. The company expects that the easing of the pandemic and the return to travel will boost its revenues in 2022 in a range of 18% to 20%.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KVIA ABC 7 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content