American Express turned in solid quarterly results Friday, increased its dividend, and highlighted record levels of card member spending. However, investors seemed to be shrug off the positives, sending shares 2.

American Express shares fell 1.4% Friday after the company reported earnings and gave an outlook that disappointed some investors. The credit card company logged net income of $2.17 billion, or $3.04 a share,

American Express Co. profits increased 12% as well-heeled consumers spent more than analysts expected on their credit cards over the holidays, a tailwind the firm said it expects will continue.

Key Takeaways U.S. equities were little changed at midday after a strong week that saw the S&P 500 set a record high.American Express's 2025 revenue guidance was mostly short of analysts' estimates.Verizon Communications posted better-than-expected results as it benefited from higher prices.