5 Stocks Gaining Attention After Posting Earnings Reports

1. American Express Company (NYSE:AXP)

Number of Hedge Fund Holders: 57

Shares of American Express Company (NYSE:AXP) rose nearly four percent in the early trading Tuesday, January 25, 2022, after delivering impressive financial results for the fourth quarter.

American Express Company (NYSE:AXP) reported adjusted earnings of $2.18 per share, compared to $1.76 per share in the year-ago quarter. Analysts were looking for earnings of $1.86 per share.

Revenue for the quarter jumped 30 percent versus last year to $12.15 billion, beating expectations of $11.54 billion. Revenue from the global consumer services group rose 23 percent to $6.9 billion, while global commercial services revenue jumped 30 percent to $3.6 billion. In comparison, revenue from the global merchant and network services climbed 31 percent to $1.5 billion in the quarter.

Speaking on the results, CEO of American Express Company (NYSE:AXP), Stephen Squeri, said:

“Based on our new growth plan and the benefits we anticipate from an improving macro environment, we expect to generate elevated levels of revenue growth in 2022 in the range of 18 to 20 percent and earnings per share of $9.25 to $9.65. Longer term, as the economy reaches a steady state, our aspiration is to achieve revenue growth in excess of 10 percent and EPS growth in the mid-teens.”

You can also take a peek at 10 Notable Earnings Reports to Watch and Top 10 Stock Picks of Thomas Bancroft’s Makaira Partners.

Follow Insider Monkey on Twitter