What trends are visible in AXP's quarterly earnings for 2024?

American Express (AXP) experienced a general downward trend in net income over the course of 2024, with a few fluctuations. Here's a summary of the key points:

1. **Overall Trend**: The net income for AXP decreased from $2.44 billion in Q1 2024 to $2.17 billion in Q4 2024.
2. **Peak and Subsequent Decline**: Net income peaked at $3.02 billion in Q2 2024 and then gradually decreased to $2.51 billion in Q3 2024 and further to $2.17 billion in Q4 2024.

|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|AXP|AXP.N|American Express|2024 Q1|34.19603524229075|2.437E9|169|
|AXP|AXP.N|American Express|2024 Q2|38.684452621895126|3.015E9|169|
|AXP|AXP.N|American Express|2024 Q3|2.284781721746226|2.507E9|169|
|AXP|AXP.N|American Express|2024 Q4|12.260734609415417|2.17E9|169|

The data indicates a clear downward trajectory in net income over the year, with no significant recoveries or improvements noted in the quarterly reports. This trend suggests a challenging financial environment for the company, possibly due to factors such as market conditions, competitive pressures, or operational efficiency issues.