American Express

Q1 Results Q/Q Comparison:

  • Revenue increased 2% to $8.09B
    • Revenue increased 4% currency neutral
  • GAAP Diluted EPS decreased 2% to $1.45
    • Adjusted EPS increased 1% to $1.50
  • Net Income decreased 6% to $1.43B
  • Total cards-in-force increased 6% to 118.6 million
    • United States cards-in-force increased 6% to 57.9 million
    • Outside United States cards-in-force increased 6% to 60.7 million
  • Card billed business increased 3% to $253.8B (increased 6% constant currency)
    • United States card billed business increased 4% to $176.3B
    • Outside United States card billed business increased 2% to $77.5B (increased 9% constant currency)
  • Average discount rate of 2.44% down from 2.49%
    • Discount revenue was flat at $4.64B
  • Net write-offs of 1.5%, flat year-over-year
  • Loans 30 days past due of 1.1%, up from 1.0%
  • Tier 1 capital of 13.8% compared to 14.9% prior year quarter
  • Return on Equity of 23.6%, down from 29.0%
  • Returned 99% of earnings to shareholders

Stock Price: $65
Market Capitalization: $63 billion

April 21, 2016

 

 

 


 


 

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