🔴 American Express is trading 3.2% down today despite Q1 earnings beat

AXP is trading at $322.35 (-3.17%) as geopolitical tensions and broader market declines overshadow a strong Q1 earnings beat.

• The company reported an EPS of $4.28 on revenue of $18.9B, beating analyst estimates of $4.03 and $18.62B while reaffirming full-year guidance.
• Market sentiment is being pressured by oil prices rising above $103/barrel due to Strait of Hormuz tensions and mixed earnings from tech peers like IBM and ServiceNow.
• Broader market declines are weighing on the stock, with the S&P 500 down 0.18% despite American Express reporting continued growth in premium card memberships.