American Express

Q2 Results Q/Q Comparison:

  • Revenue increased 1% to $8.31B
  • GAAP Diluted EPS decreased 30% to $1.47
  • Net Income decreased 33% to $1.34B
  • Total cards-in-force increased 4% to 112.2 million
    • United States cards-in-force increased 4% to 48.9 million
    • Outside United States cards-in-force increased 3% to 63.3 million
  • Card billed business was flat at $269.6B
    • United States card billed business decreased 4% to $177.6B
    • Outside United States card billed business increased 9% to $92.0B
  • Average discount rate of 2.44% up from 2.43%
    • Discount revenue was flat at $4.82B
  • Net write-offs of 1.8%, up from 1.5%
  • Loans 30 days past due of 1.2%, up from 1.1%
  • Tier 1 capital of 13.5%
  • Return on Equity of 22%, down from 26%
  • Returned 83% of earnings to shareholders

Stock Price: $85
Market Capitalization: $76 billion

July 19, 2017

 

 

 


 


 

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