American Express Co.., referred to as Amex) shares broke all-time records on Friday, rising more than 6%。The rally stemmed from the credit card and financial services company issuing strong performance guidance and raising its dividend despite quarterly results that fell short of market expectations.。

Amex expects full-year earnings per share (EPS) of 12.$65 to $13.between $15 and exceeded market expectations。At the same time, the company expects revenue growth of 9% to 11% in 2024, with the median being higher than market forecasts.。Amex CEO Stephen Squeri said the improved outlook stemmed from "the dynamics of our business."。

In the fourth quarter, the company's earnings per share were 2.$62, up from $2 a year ago.07 USD increased。Total revenue reached $15.8 billion, up 11% YoY。However, analysts are expecting earnings per share of 2.$64, total revenue $16 billion。

The company stressed that the income was mainly derived from increased net interest income and increased consumption by cardholders.。Amex noted that expenses rose 5% in the latest quarter, mainly due to higher customer participation costs.。In addition, operating expenses rose as a result of the devaluation of the Argentine peso and the company's increase in employee compensation.。Squeri said that throughout 2023, the company will "continue to drive strong customer engagement, with demand for high-end products remaining strong."。

As part of its efforts to reward investors, Amex also increased its quarterly dividend from 60 cents to 70 cents per share, starting in the current quarter.。

Amex shares rose about 6 at 12: 18 EST on Friday..6% to 200 per share.A record high of $54, up about 28% over the past year。Investors are optimistic about the company's future performance and growth prospects.。