American Express

Q3 Results Q/Q Comparison:

  • Revenue increased 9% to $8.44B
  • GAAP Diluted EPS increased 25% to $1.50
  • Net Income increased 19% to $1.36B
  • Total cards-in-force increased 4% to 112.9 million
    • United States cards-in-force increased 5% to 49.5 million
    • Outside United States cards-in-force increased 3% to 63.4 million
  • Card billed business increased 8% to $271.9B
    • United States card billed business increased 7% to $176.4B
    • Outside United States card billed business increased 10% to $95.5B
  • Average discount rate of 2.42% down from 2.47%
    • Discount revenue increased 6% to $4.77B
  • Net write-offs of 1.8%, up from 1.7%
  • Loans 30 days past due of 1.3%, up from 1.1%
  • Tier 1 capital of 13.0%
  • Return on Equity of 23%, down from 26%
  • Returned 115% of earnings to shareholders

Stock Price: $92
Market Capitalization: $81 billion

October 18, 2017

 

 

 


 


 

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