American Express raises FY24 EPS view to $13.30-$13.80 from $12.65-$13.15

Consensus $12.97. The company said, “Based on the strong performance of our core business, we believe we can increase our marketing investments by around 15 percent over last year without using any of the transaction gain, while still delivering exceptional earnings results this year. As a result, we have made the decision to drop the entire gain to the bottom line and are raising our full-year EPS guidance to $13.30 – $13.80 from $12.65 – $13.15 previously. We continue to expect revenue growth in line with the guidance range of 9 percent to 11 percent that we set at the beginning of the year. “