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MarketScreener Homepage  >  Equities  >  Nyse  >  American Express Company    AXP

AMERICAN EXPRESS COMPANY

(AXP)
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American Express : Revenue, Profit Rise

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07/19/2019 | 08:37am EDT

By Kimberly Chin

Revenue at American Express Co. was lifted in the latest quarter by higher card-member spending, loans and card fees, though expenses from rewards programs also increased.

Total revenue, net of interest expense, rose 8.4% to $10.84 billion for the quarter. Analysts surveyed by FactSet expected revenue of $10.83 billion.

Discount revenue, which reflects the fees charged to merchants for accepting AmEx cards, was $6.58 billion, a 6.2% gain from a year ago. Net card fees rose 17% for the quarter.

Card-members rewards, the company's largest single expense that includes points redeemed for hotels and airfare, rose 9% to $2.65 billion.

Total expenses were up 9.2% driven by card-member spending, consumers using card benefits more frequently and continued investments in co-brand partnerships, the company said Friday.

AmEx reported second-quarter profit of $1.76 billion, or $2.07 a share, up from $1.62 billion, or $1.84 a share, a year earlier. Analysts were looking for $2.03 a share.

Write to Kimberly Chin at kimberly.chin@wsj.com

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Financials (USD)
Sales 2019 43 589 M
EBIT 2019 12 392 M
Net income 2019 6 621 M
Debt 2019 -
Yield 2019 1,31%
P/E ratio 2019 15,7x
P/E ratio 2020 13,8x
Capi. / Sales2019 2,37x
Capi. / Sales2020 2,20x
Capitalization 103 B
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Technical analysis trends AMERICAN EXPRESS COMPANY
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TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 132,24  $
Last Close Price 124,63  $
Spread / Highest target 18,8%
Spread / Average Target 6,11%
Spread / Lowest Target -13,3%
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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