American Express Gears Up For Q4 Earnings Report

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American Express Company (NYSE:AXP) will release earnings for the fourth quarter before the opening bell on Friday, Jan. 30.

Analysts expect the New York-based company to report fourth-quarter earnings of $3.54 per share. That's up from $3.04 per share in the year-ago period. The consensus estimate for American Express' quarterly revenue is $18.88 billion (it reported $17.18 billion last year),

The company has beaten analyst estimates for revenue in three straight quarters and in five of the past 10 quarters overall.

Financial Performance
In 2024, American Express's revenue was $60.76 billion, an increase of 9.30% compared to the previous year's $55.59 billion. Earnings were $10.00 billion, an increase of 21.12%

Technically, AXP might be gearing for a major breakout should the stock break above the $380 resistance. With RSI at 44, it further solidify our bullish thesis.

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