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.