Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  American Express Company    AXP

AMERICAN EXPRESS COMPANY

(AXP)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

American Express : Posts 31% Jump in First-Quarter Profit

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/18/2018 | 04:40pm EDT

By Maria Armental

American Express Co. reported improvement in key profit metrics in the latest period as it focuses on rebuilding its capital, which took a hit from charges related to the U.S. tax overhaul.

Shares, which have outperformed the market over the past 12 months with a 26% gain, rose 2.4% to $97.39 in after-hours trading.

Last quarter, a roughly $2.6 billion charge pushed the company into its first quarterly loss in a quarter-century, and AmEx suspended share buybacks for the first half of the year.

Quarterly dividends remain unchanged.

On Wednesday, AmEx reported a 31% increase in first-quarter profit to $1.63 billion, or $1.86 a share.

Revenue, net of interest expense, rose 12% to $9.72 billion.

Analysts surveyed by Thomson Reuters had projected a profit of $1.71 a share.

"Our year is off to a good start with double-digit growth in billed business, revenues and earnings," Chief Executive Stephen J. Squeri said in a statement, noting that card-member spending rose 12%. He said AmEx added 3.5 million new cards across its global issuing business, reflecting in part the recent Hilton portfolio acquisition.

"Credit indicators are in line with our expectations," Mr. Squeri said.

Given results so far, AmEx said it expects revenue for the year to rise at least 8% and earnings to be at the high end of its previously stated range of $6.90 to $7.30 a share.

Write to Maria Armental at maria.armental@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
AMERICAN EXPRESS COMPANY 0.33% 117.225 Delayed Quote.22.53%
THOMSON REUTERS CORP 0.30% 88.95 Delayed Quote.34.54%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AMERICAN EXPRESS COMPANY
10:03aAMERICAN EXPRESS : Woman-Owned Businesses Are Growing 2X Faster On Average Than ..
BU
09:08aAMERICAN EXPRESS : Outlines Progress on Social Responsibility Goals, Commits to ..
PU
04:07aAMERICAN EXPRESS : to Launch Open Banking Product, Enabling UK Consumers to Pay ..
PU
09/22AMERICAN EXPRESS : is All You Need When Travelling on Sydney Transport
PU
09/19U.S. travel industry urges Washington to reauthorize tourism body Brand USA
RE
09/18AMERICAN EXPRESS : Plans Live Audio Webcast of the Third Quarter 2019 Earnings C..
BU
09/18AMERICAN EXPRESS : Canadian SMEs are shifting strategies to drive growth amid de..
PU
09/16AMERICAN EXPRESS : CORRECTING AND REPLACING American Express Executives to Parti..
PU
09/16AMERICAN EXPRESS : and Parley for the Oceans Announce First-Ever Card Made Prima..
BU
09/11AMERICAN EXPRESS : Customer-centric mindset drives spending priorities for big b..
PU
More news
Financials (USD)
Sales 2019 43 586 M
EBIT 2019 12 392 M
Net income 2019 6 621 M
Debt 2019 -
Yield 2019 1,39%
P/E ratio 2019 14,7x
P/E ratio 2020 12,9x
Capi. / Sales2019 2,22x
Capi. / Sales2020 2,06x
Capitalization 96 906 M
Chart AMERICAN EXPRESS COMPANY
Duration : Period :
American Express Company Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AMERICAN EXPRESS COMPANY
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 31
Average target price 131,92  $
Last Close Price 116,80  $
Spread / Highest target 26,7%
Spread / Average Target 12,9%
Spread / Lowest Target -7,53%
EPS Revisions
Managers
NameTitle
Chairman & Chief Executive Officer
Deputy CFO & EVP-Business CFO Group
Chief Financial Officer & Executive Vice President
Chief Information Officer & Executive VP
Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
AMERICAN EXPRESS COMPANY22.53%96 906
CAPITAL ONE FINANCIAL CORPORATION22.69%43 619
BAJAJ FINANCE LTD40.00%30 085
DISCOVER FINANCIAL SERVICES40.62%26 395
SYNCHRONY FINANCIAL44.33%22 464
ORIX CORPORATION10.26%20 580