American Express (AXP) on Thursday reported better-than-expected first-quarter results on solid consumer spending.

The credit card giant reported first-quarter 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $3.64 on revenue that rose 7% year-over-year to $16.97 billion. Analysts surveyed by Visible Alpha had expected $3.47 and $16.94 billion, respectively. Net interest income was $4.17 billion, just above the $4.10 billion consensus.

American Express CEO Stephen Squeri said the firm saw first-quarter consumer spending "consistent with and in many cases better than what we saw in 2024." The company affirmed its full-year outlook of 8% to 10% revenue growth and EPS of $15.00 to $15.50 "subject to the macroeconomic environment."

After rising immediately following the report's release, American Express shares were down more than 1% shortly after markets opened. They entered the day down about 15% so far this year.

澳洲幸运5官方开奖结果体彩网:Last week, Bank of America an🔥alysts upgraded the stock's rating to "buy," saying the firm's "high-quality customer base" would help it be more resilient in an economic turndown or recession.

UPDATE—This article has been updated with the latest share price information.