By Sri Hari N S and Niket Nishant

Jan 26 (Reuters) - American Give tongue to calculate a better-than-expected profits for 2024 on hopes that its wealthy customers wish be bouncy with their outlay even out amid elevated railway occupy rates, sending its shares to an all-meter high pressure on Fri.

The New York-based citation carte du jour heavyweight as well reported memorialise tax income for 2023, a class which many analysts had feared could contribute in a corner and pinch customer outlay.

American Express, helped by its tributary client base, has been able-bodied to navigate a slippery fiscal landscape painting Sir Thomas More swimmingly compared to or so of its peers.

High-earning individuals are to a lesser extent sensitive to pomposity and the upsurge in borrowing costs, which has apprehensive customers in lower-income brackets.

"We have achieved what we set out to do, and we are ahead of where we thought we'd be on our journey," American Carry Chief operating officer Stephen Squeri aforesaid.

The keep company too aforementioned it was planning to growth its dividend by 17% start in the first-class honours degree twenty-five percent of 2024.

American Express' shares were up 7.3% at $201.76.

NII RELIANCE

"The quarterly results and guidance reflect the strength of AmEx's financial model, though we acknowledge that revenue growth is being increasingly driven by net interest income (NII)," HSBC analyst Saint Paul Martinez aforementioned.

NII, the difference 'tween income earned on loans and paying come out on deposits, is more sore to the worry place environment compared to discount rate revenue, the fee that Curb earns for facilitating minutes.

NII growing is potential to tame in 2024, Ground Evince CFO Christophe Le Caillec said.

The fellowship estimate 2024 pay per apportion 'tween $12.65 and $13.15, higher than analysts' estimates of $12.41, according to LSEG information.

However, roughly circumspection prevailed, with American Stock Exchange rearing its loanword loss provender in the twenty-five percent twenty-five percent to $1.44 billion, compared with $1.03 million a class sooner.

The companion reported a turn a profit of $2.62 per share, https://about.me/okeplay777slots/ up from $2.07 per ploughshare a class in the first place.

Billed business, which represents the transaction values on Curb cards and former defrayal products, rose 6% to $379.8 one million million in the fourth part twenty-five percent. (Reportage by Sri Hari N S and Niket Nishant in Bengaluru; Editing by Shounak Dasgupta)