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American Express Co (AXP)

AXP on New York Consolidated

80.45USD
24 Apr 2017
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Latest Key Developments (Source: Significant Developments)

American express co sees 2017 earnings per share outlook of $5.60‐$5.80
Wednesday, 19 Apr 2017 06:38pm EDT 

April 19 (Reuters) - American Express Co :Quarterly consolidated provisions for losses were $573 million, up 32 percent from $434 million a year ago.Quarterly consolidated expenses were $5.5 billion, up 1 percent from a year ago.Says U.S. consumer services reported first‐quarter net income of $469 million, down 32 percent from $694 million a year ago..Says global merchant services reported first‐quarter net income of $363 million, up 2 percent from $357 million a year ago.Says at Q1-end company's return on average equity (roe) was 25.1 percent, up from 23.6 percent a year ago.Says international consumer and network services reported first‐quarter net income of $218 million, up 16 percent from $188 million a year ago..Says global commercial services reported first‐quarter net income of $418 million, down 14 percent from $485 million a year ago.Says underlying performance this quarter gives added confidence in co's ability to deliver 2017 EPS outlook of $5.60‐$5.80.Fy2017 earnings per share view $5.65 -- Thomson Reuters I/B/E/S.  Full Article

American Express reports Q1 earnings per share $1.34
Wednesday, 19 Apr 2017 04:05pm EDT 

April 19 (Reuters) - American Express Co -:American Express reports first quarter eps of $1.34.Q1 earnings per share $1.34.Q1 earnings per share view $1.29 -- Thomson Reuters I/B/E/S.Sees fy 2017 earnings per share $5.60 to $5.80.  Full Article

American Express sets regular quarterly dividend of $0.32/share
Monday, 27 Mar 2017 02:52pm EDT 

American Express Co :Sets regular quarterly dividend of $0.32 per share.  Full Article

American Express CEO Chenault's FY 2016 total compensation $17.5 mln
Monday, 20 Mar 2017 05:00pm EDT 

American Express Co : Ceo K.I. Chenault's FY 2016 total compensation $17.5 million versus $22.0 million in FY 2015 - SEC filing . American Express Co says Vice Chairman S.J. Squeri's total 2016 compensation was $12.3 million versus $14.6 million in 2015 . CFO J.C. Campbell's FY 2016 total compensation $8.6 million versus $9.9 million in FY 2015 . American Express Co says executive Vice President L.E. Seeger's total 2016 compensation was $8.4 million versus $7.5 million in 2015 Source: (http://bit.ly/2ntCzCQ) Further company coverage: [AXP.N] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

American Express Co reports card member loans stats for February
Wednesday, 15 Mar 2017 12:25pm EDT 

American Express Co : U.S. Small Business Card Member Loans 30 days past due loans as a % of total 1.3 percent at Feb end versus 1.2 percent at Jan end . U.S. Small Business Card Member Loans net write-off rate – principal only 1.5 percent at Feb end versus 1.4 percent at Jan end -SEC filing . USCS Card Member Loans net write-off rate – principal only 1.8 percent at Feb end versus 1.5 percent at Jan end .USCS Card Member Loans 30 days past due loans as a % of total 1.2 percent at Feb end versus 1.2 percent at Jan end.  Full Article

Delta Air Lines sees March quarter passenger unit revenue to be about flat yoy
Monday, 6 Mar 2017 09:19am EST 

Delta Air Lines Inc - : Sees March quarter passenger unit revenue to be about flat y-o-y - SEC filing . Sees March quarter 2017 CASM, excluding fuel, including profit sharing up 5.5 percent to 6.5 percent . Sees March quarter operating margin of 10 percent to 11 percent . Sees March quarter 2017 normalized CASM, excluding fuel, including profit sharing up 3.5 percent to 4.5 percent . Margins likely to contract in 2017 as pace of revenue improvement lags cost increases . Sees March quarter non-operating expense of $145 million - $170 million . Sees March quarter 2017 system capacity down 0 percent to 1 percent . Commercial initiatives should result in flat PRASM in 1q17 with trends improving through 2017 . Sees branded fares to drive $300 million of incremental revenue in 2017 and an incremental $1 billion revenue through 2019 . Sees $6 billion in pretax profits in 2017 . Sees American Express partnership to deliver $300 million in incremental value in 2017 .Delta Air Lines Inc - "Expects to drive about $1.5 billion of productivity savings in 2017".  Full Article

American Express reports 4th-qtr earnings of $0.88 per share
Thursday, 19 Jan 2017 04:05pm EST 

American Express Co : Qtrly earnings per share $0.88 . Qtrly adjusted earnings per share $0.91 . Q4 earnings per share view $0.98 -- Thomson Reuters I/B/E/S . Qtrly revenue, net of interest expense, was $8 billion .Q4 revenue view $7.95 billion -- Thomson Reuters I/B/E/S.  Full Article

American Express expects 2017 earnings per share of $5.60 - $5.80
Thursday, 19 Jan 2017 04:05pm EST 

American Express Co : Company expects 2017 EPS of $5.60 to $5.80 . Fourth-quarter consolidated total revenues net of interest expense were $8.0 billion, down 4 percent from $8.4 billion a year ago . Qtrly consolidated provisions for losses were $625 million, up 9 percent from $572 million a year ago . Qtrly consolidated expenses were $6.2 billion, down 2 percent from $6.4 billion a year ago . Qtrly return on average equity (ROE) was 26.0 percent, up from 24.0 percent a year ago . Says U.S. Consumer Services reported fourth‐quarter net income of $351 million, down 35 percent from $541 million a year ago . Global Merchant Services reported fourth‐quarter net income of $369 million, up 1 percent from $364 million a year ago. . International Consumer and Network Services reported Q4 net income of $84 million, down 40 percent from $140 million a year ago . Global Commercial Services reported fourth‐quarter net income of $382 million, down 22 percent from $487 million a year ago .FY2017 earnings per share view $5.61 -- Thomson Reuters I/B/E/S.  Full Article

American Express buys InAuth to expand fraud-prevention and security capabilities
Tuesday, 6 Dec 2016 08:00am EST 

American Express Co: American Express® to enhance fraud-prevention and security capabilities with acquisition of InAuth . American Express Co - acquired InAuth Inc, a provider of mobile device authentication and intelligence solutions .American Express Co - going forward, InAuth will operate as a wholly-owned subsidiary of American Express.  Full Article

American Express launches new mobile capability
Wednesday, 30 Nov 2016 06:00am EST 

American Express Co - : American Express launches new mobile capability .Announces launch of Amex pay.  Full Article

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UPDATE 2-AmEx profit beats as higher spending blunts partnership losses

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