American Express Company (AXP)
- Yahoo Finance Video
American Express tops Q1 estimates, driven by new customers
American Express (AXP) released its first-quarter earnings showing a jump in revenue of 11% compared to the same period a year ago, posting $15.80 billion and just narrowly beating the Wall Street expectation of $15.77 billion. The credit card company also boasted that Gen Z and Millennial customers accounted for more than 60% of new account acquisitions globally in the quarter. Yahoo Finance Executive Editor Brian Sozzi joins The Morning Brief to discuss American Express' first-quarter earnings and CEO Stephen Squeri's comments to Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
- Yahoo Finance Video
Procter & Gamble earnings, Fed, Volkswagen: What to Watch
Procter & Gamble Company (PG) will report its fiscal third-quarter earnings the morning of Friday, April 19, with investors keeping a close eye on its product pricing and demand in China's consumer market. American Express (AXP) is also among companies set to report first-quarter results tomorrow. Chicago Fed President Austan Goolsbee will be delivering opening remarks at a conference on Friday. Lastly, Volkswagen (VWAGY) factory workers in Tennessee will vote on whether to unionize with the United Auto Workers (UAW) labor union. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Luke Carberry Mogan.
- Reuters
US STOCKS-Nasdaq, S&P stumble as Netflix, chip stocks drag; AmEx boosts Dow
The Nasdaq and the S&P 500 fell on Friday, as Netflix weighed but American Express kept the Dow on the plus side after quarterly earnings from each, while growing pessimism that the Federal Reserve would cut interest rates soon also dented sentiment. Netflix slumped 8.77% as one of the bigger drags on the benchmark S&P index and Nasdaq after the video streaming company's second-quarter revenue view fell short of analysts' expectations while the company also unexpectedly said it would no longer provide subscriber counts.
