American Express Company (NYSE: AXP) announced in a June 18, 2024, press release that it will host a live audio webcast of its earnings conference call at 8:30 a.m. (ET) today, Friday July 19, 2024, to discuss its second-quarter 2024 financial results, which will be accessible to the public via the American Express Investor Relations website at https://ir.americanexpress.com/.
Market Cap 
$179.25 Billion is the market cap of American Express as of July 2024, ranking it as the world’s 70th most valuable company by market cap, according to companiesmarketcap.com data.
Dividend Information 
With a dividend yield of 1.12% and an annual dividend of $2.80, the stock has an ex-dividend date of July 5, 2024, and pays out quarterly. The payout ratio stands at 23.06%, reflecting a 16.07% growth in dividends over the past 2 years. Additionally, the buyback yield is 2.96%, contributing to a total shareholder yield of 4.08%.
Recent Development At American Express 
Here are some of the latest developments at American Express:
– American Express introduces Essential® Rewards Credit Card with attractive benefits targeting young Australian consumers.
– American Express to launch its 29th Centurion Lounge at Ronald Reagan Washington National Airport.
– American Express and Disney collaborate to offer immersive fan experiences for Season 3 of FX’s The Bear.
– American Express broadens Tap-and-Pay acceptance across global public transit systems.
– Earth Month 2024: American Express promotes climate solutions through global volunteer events and Earth Hour activities.
Q1 Earnings Report Recap 
– American Express Company (NYSE: AXP) posted Q1 net income of $2.4 billion ($3.33 per share) compared to $1.8 billion ($2.40 per share) last year.
– Q1 consolidated total revenues net of interest expense increased 11% to $15.8 billion, driven by higher net interest income and increased Card Member spending.
– Consolidated credit loss provisions rose to $1.3 billion from $1.1 billion, with higher net write-offs offset by a reduced net reserve build of $148 million, compared to $320 million last year.
– Consolidated expenses grew 3% to $11.4 billion, driven by higher customer engagement costs and marketing investments, partially offset by a $196 million benefit from improved Membership Rewards redemption models.
– The consolidated effective tax rate increased to 22.5% from 16.2%, primarily due to prior year discrete tax benefits.
Q2 Earnings Report Analyst Forecast
Zack’s estimate for Q2 2024, American Express (AXP) has an EPS consensus estimate of $3.22, ranging from a high of $3.32 to a low of $3.15, with a YoY growth estimate of 11.42%. Sales projections stand at $16.57B, with estimates varying between $16.63B and $16.52B, reflecting a YoY growth of 10.09%.
Investing.com forecasts American Express (NYSE : AXP) to achieve an EPS of $3.23 with revenue reaching $16.59 billion.
Tradingview.com predicts American Express (NYSE: AXP) will have an EPS of $3.26 and revenue of $16.60 billion.
Technical Analysis
Resistance Breakout: American Express ( NYSE: AXP ) spotted at $244.29 on 4HR Chart, price currently at $249.13.
Bullish Scenario:
If breakout holds, target $258.52.
If $258.52 is breached, next target $267.32.
Bearish Scenario:
If breakout fails, expect drop to $239.36.
If $239.36 is breached, next target $235.49.
Apply Risk Management
Conclusion
American Express (NYSE: AXP) has demonstrated solid performance in recent quarters, with a notable Q1 net income increase and revenue growth. The company’s recent innovations and partnerships, including new credit card offerings and expanded global initiatives, highlight its proactive strategy. Looking ahead to Q2 2024, analysts forecast continued growth with an estimated EPS ranging from $3.22 to $3.26 and revenues between $16.57 billion and $16.60 billion. Based on past performance and optimistic future projections, American Express is positioned for a strong quarter.
Sources:
https://companiesmarketcap.com/american-express/marketcap
https://stockanalysis.com/stocks/axp/dividend/
https://images.app.goo.gl/3sHiD3oC8asjF6D19
https://ir.americanexpress.com/financials/earnings-and-sec-filings/default.aspx
https://www.zacks.com/stock/quote/AXP/detailed-earning-estimates
https://www.investing.com/equities/american-express-earnings
