$AXP F/Y GUIDANCE 🔸 Sees revenue +8% to +10% 🔸 Sees EPS $15 to $15.50, EST $15.24 RESULTS: Q4 🔸 EPS $3.04 vs. $2.62 y/y, EST $3.04 🔸 Revenue $17.18B, +8.7% y/y, EST $17.17B 🔸 Provision for credit losses $1.3B, -9.5% y/y 🔸 Billed business $408.4B, +7.5% y/y, EST $402.49B 🔸 Total expenses $13.1B, EST $12.88B

$AXP - AMERICAN EXPRESS SHARES UP 2% PREMARKET AFTER Q3 RESULTS

$AXP F/Y GUIDANCE 🔸 Sees EPS $13.75 to $14.05, saw $13.30 to $13.80 RESULTS: Q3 🔸 ADJ EPS $3.49, EST $3.29 🔸 EPS $3.49 vs. $3.30 y/y 🔸 Revenue $16.64B, +8.2% y/y, EST $16.67B 🔸 Provision for credit losses $1.4B 🔸 Billed business $387.3B, +5.8% y/y, EST $386.91B 🔸 Effective tax rate 21.8%, EST 22.5%

#Downgrades - Oct 08, 2024 $ALB: CFRA Downgrades to Hold from Buy - PT $99 $AXP: HSBC Downgrades to Hold from Buy $AXP: BTIG Downgrades to Sell from Neutral - PT $230 $BUD: TD Cowen Downgrades to Hold from Buy - PT $68 $CME: Redburn-Atlantic Downgrades to Neutral from Buy - PT $244 $FYBR: TD Cowen Downgrades to Hold from Buy - PT $38.50 (from $39) $MSFT: Oppenheimer Downgrades to Perform from Outperform $OMF: Barclays Downgrades to Equalweight from Overweight - PT $46 (from $52) $OTIS: Wolfe Research Downgrades to Peerperform from Outperform $QCOM: KeyBanc Downgrades to Sector Weight from Overweight $STZ: TD Cowen Downgrades to Hold from Buy - PT $270 (from $300) $SYNA: KeyBanc Downgrades to Sector Weight from Overweight