American Express turned in solid quarterly results Friday, increased its dividend, and highlighted record levels of card member spending. For its fourth quarter, the credit-card company posted diluted earnings of $3.

American Express shares fell Friday after the financial services firm reported fourth-quarter results mostly in line with analysts' expectations.

American Express Co. profits increased 12% as well-heeled consumers spent more than analysts expected on their credit cards over the holidays, a tailwind the firm said it expects will continue.

The pickup was especially fueled by millennials and Gen Z users, who spent more on experiences like travel and entertainment.

American Express shares fell 1.4% Friday after the company reported earnings and gave an outlook that disappointed some investors. The credit card company logged net income of $2.17 billion, or $3.04 a share,

The credit card lender and network introduced guidance for 2025 EPS of $15.00-$15.50 (midpoint $15.25), compared with the consensus estimate of $15.22 and $13.35 reported in 2024 (excluding notable items). It expects 2025 revenue growth of 8%-10% from 2024's $65.9B, implying $71.2B-$72.5B ($71.6B consensus).

Welcome to the American Express Q4 2024 earnings call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. [Operator instructions] As a reminder,

American Express released its fourth-quarter financial results, aligning closely with market expectations. The company reported earnings per share (EPS) of $3.04, slightly surpassing the consensus estimate of $3.