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MarketScreener Homepage  >  Equities  >  Nyse  >  American Express Company    AXP

AMERICAN EXPRESS COMPANY

(AXP)
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American Express : Earnings, Top Line Rise

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10/18/2019 | 08:25am EST

By Allison Prang

American Express Co.'s profit and revenue climbed in the third quarter, along with its provision for losses.

The credit-card company had a profit of $1.76 billion, up 6.1% from the comparable quarter a year ago. Earnings were $2.08 a share, up from $1.88 a share.

Analysts polled by FactSet were expecting $2.03 a share.

Revenue net of interest expense was $10.99 billion, up 8.3% from a year ago. Analysts were expecting $10.94 billion.

American Express expects revenue to rise between 8% and 10% in the current quarter, Chief Executive Steve Squeri said in prepared remarks. He also reaffirmed the company's earnings guidance for the year.

"The trends we saw in the business this quarter continue to be consistent with an economy that continues to grow, albeit at a more modest pace than last year," Mr. Squeri said.

The company reported $879 million in provisions for losses, 7.6% higher from a year earlier.

This metric rose in the company's consumer-services division because of a rise in net lending write-offs and delinquencies, American Express said.

The company's board recently approved a new plan to buy back up to 120 million of shares.

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Financials (USD)
Sales 2019 43 574 M
EBIT 2019 12 313 M
Net income 2019 6 642 M
Debt 2019 -
Yield 2019 1,35%
P/E ratio 2019 15,1x
P/E ratio 2020 13,5x
Capi. / Sales2019 2,27x
Capi. / Sales2020 2,11x
Capitalization 98 814 M
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Technical analysis trends AMERICAN EXPRESS COMPANY
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 31
Average target price 131,92  $
Last Close Price 120,76  $
Spread / Highest target 23,4%
Spread / Average Target 9,24%
Spread / Lowest Target -10,6%
EPS Revisions
Managers
NameTitle
Stephen J. Squeri Chairman & Chief Executive Officer
Jeffrey C. Campbell Chief Financial Officer & Executive Vice President
Marc D. Gordon Chief Information Officer & Executive VP
Charlene Barshefsky Independent Director
Peter F. Chernin Independent Director
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