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American Express Earned Billions from Card Swipes
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Subscribe30 JAN 2025
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American Express wrap up 2024 with a bang, posting a solid 9% revenue jump in Q4, bringing in a hefty $17.18 billion. What’s driving this growth? Holiday spending, travel splurges, and a surge in online shopping—all fueling Amex’s strong finish. But hold onto your Platinum Cards, because 2025 looks even brighter. Amex is eyeing 8-10% revenue growth this year, with earnings per share projected to hit $15-$15.50. And here’s the cherry on top—shareholders are getting a 17% dividend boost, pushing quarterly payouts to $0.82 per share starting Q1 2025. The takeaway? Amex is doubling down on its affluent customer base, premium rewards, and expanding business services to keep the momentum going. If 2024 was strong, 2025 is shaping up to be a powerhouse year! 🚀
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