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American Express Stock Trades Higher: Strong FY24 Outlook, Dividend Hike Drive Investor Action

American Express reports an 11% Y/Y revenue increase to $15.8 billion in Q4 2023, slightly below expectations, with EPS also missing targets. Despite these shortfalls, the company experienced growth in various sectors, including U.S. Consumer and International Card Services, and plans a 17% dividend hike for Q1 2024.

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