American Express shares fell Friday after the financial services firm reported fourth-quarter results mostly in line with analysts' expectations.
In addition to an earnings beat, American Express disclosed a 17% increase to its quarterly dividend. Here's what that means for the Dow Jones stock.
The Wall Street Journal had reported on a series of deceptive and strong-arm tactics the card company used to increase small business sign-ups.
Wall Street pointed slightly lower in early trading Friday but remains on track to close the week with solid gains with major corporations turning in largely healthy earnings reports. Futures for the S&P 500 ticked down 0.
The payment includes two separate settlements: one over misleading sales tactics for credit cards, and another concerning its wire services.
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The credit card lender and network introduced guidance for 2025 EPS of $15.00-$15.50 (midpoint $15.25), compared with the consensus estimate of $15.22 and $13.35 reported in 2024 (excluding notable items). It expects 2025 revenue growth of 8%-10% from 2024's $65.9B, implying $71.2B-$72.5B ($71.6B consensus).
ET, the Dow Jones Industrial Average fell 0.12 per cent, the S&P 500 gained 0.01 per cent, the Nasdaq Composite lost 0.03 per cent
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The Dow Jones Industrial Average fell 140.82 points, or 0.32%, to 44,424.25, the S&P 500 lost 17.47 points, or 0.29%, to 6,101.24 and the Nasdaq Composite lost 99.38 points, or 0.50%, to 19,954.30.