American Express

Q3 Results Q/Q Comparison:

  • Revenue decreased 5% to $7.77B
  • GAAP Diluted EPS decreased 3% to $1.20
    • Adjusted EPS was flat at $1.24
  • Net Income decreased 10% to $1.14B
  • Total cards-in-force decreased 6% to 108.8 million
    • United States cards-in-force decreased 16% to 47.1 million
    • Outside United States cards-in-force increased 4% to 61.7 million
  • Card billed business decreased 3% to $251.2B
    • United States card billed business decreased 9% to $164.6B
    • Outside United States card billed business increased 10% to $86.6B
  • Average discount rate of 2.47% up from 2.46%
    • Discount revenue decreased 5% to $4.52B
  • Net write-offs of 1.7%, up from 1.3%
  • Loans 30 days past due of 1.1%, up from 1.0%
  • Tier 1 capital of 14.9%
  • Return on Equity of 26%, down from 27%
  • Returned 92% of earnings to shareholders

Stock Price: $61
Market Capitalization: $57 billion

October 19, 2016

 

 

 


 


 

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