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American Express (AXP) reported a strong quarterly performance on October 20, 2023, with adjusted earnings per share (EPS) climbing 19% and sales increasing 10% to $18.4 billion. The company raised its sales and EPS guidance for the year due to robust results and increased card member spending, with net interest income at $4.5 billion, exceeding estimates by nearly 4%.
Caterpillar (CAT) also delivered strong results on the same day, achieving a 10% sales growth despite a slight decline in adjusted EPS. The company generated $3.7 billion in operating cash flow and demonstrated strength across all its primary segments, reinforcing its status as a Dividend Aristocrat.
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