American Express Co. AXP reported first-quarter 2021 earnings of $1.74 per share, beating the Zacks Consensus Estimate by 3.6% on the back of lower expenses. However, the bottom line fell 12.1% year over year due to muted revenues.Total revenues of $9.06 billion missed the Zacks Consensus Estimate by 1.9% and also declined 12.1% year over year. Revenues suffered declines in Card Member spending and loan volumes as well as a lower average discount rate from the prior-year level.Meanwhile, total expenses of $6.7 billion decreased 7% year over year owing to lower customer engagement costs on the back of limited Card Member spending as well as a controlled usage of travel-related Card Member benefits.Provision for credit losses resulted in a benefit of $675 million compared with provision expense of $2.6 billion in the year-ago quarter.Return on equity of 22.6% declined 180 basis points year over year.American Express Company Price, Consensus and EPS Surprise American Express Company price-consensus-eps-surprise-chart | American Express Company QuoteSegmental PerformancesAmerican Express’ Global Consumer Services segment reported pre-tax income of $2.1 billion compared with $231 million in the year-ago period. Total revenues, net of interest expenses of $5.3 billion, decreased 11% year over year, reflecting a fall in Card Member spending and loan volumes.Global Commercial Services posted pre-tax income of $665 million compared with $19 million in the year-ago quarter. Total revenues, net of interest expenses, were $2.7 billion, which in turn, decreased 14% year over year, mirroring a decline in Card Member spending.Global Merchant and Network Services’ net income plunged 24.8% year over year to $414 million in the reported quarter. Total revenues, net of interest expenses, were down 13% year over year to $1.2 billion, mainly due to reduced Card Member spending and the average discount rate.Strong Financial Position (as of Mar 30, 2021)Cash and cash equivalents were $40 billion, up 3% year over year. Total long-term debt of $42 billion was down 21% year over year.Zacks RankAmerican Express carries a Zacks Rank #3 (Hold), currently. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Stocks to ConsiderSome other stocks worth considering with the apt combination of elements to surpass estimates this reporting cycle are as follows:EVO Payments, Inc. EVOP has an Earnings ESP of +16.67% and is presently Zacks #3 Ranked.Intercorp Financial Services Inc. IFS has an Earnings ESP of +6.77% and is presently Zacks #2 Ranked.Oportun Financial Corporation OPRT has an Earnings ESP of +60.00% and a Zacks Rank #2 (Buy), currently.Zacks Top 10 Stocks for 2021In addition to the stocks discussed above, would you like to know about our 10 best buy-and-hold tickers for the entirety of 2021?Last year's 2020 Zacks Top 10 Stocks portfolio returned gains as high as +386.8%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.AccessZacks Top 10 Stocks for 2021 today >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report American Express Company (AXP): Free Stock Analysis Report EVO Payments, Inc. (EVOP): Free Stock Analysis Report Oportun Financial Corporation (OPRT): Free Stock Analysis Report Intercorp Financial Services Inc. (IFS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research