American Express reports Q1 EPS $2.40, consensus $2.65

Reports Q1 revenue $14.28B, consensus $14.03B. Reports Q1 total provisions for credit losses $1.06B. Reports Q1 total network volumes $398.9B. "Our first-quarter results reflect strong growth in Card Member spending and continued high engagement with our premium products, tracking with the full-year 2023 guidance we provided in January, which we are reaffirming today, for revenue growth of 15 percent to 17 percent and earnings per share of $11.00 to $11.40," said Stephen J. Squeri, chairman and CEO.