LONDON, UK / ACCESSWIRE / July 20, 2018 /

If you want access to our free earnings report on American Express Co. (NYSE: AXP), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=AXP. The Company reported its second quarter fiscal 2018 operating and financial results on July 18, 2018. The Credit Card Company recorded its fifth consecutive quarter of having adjusted revenues of at least 8%, and also outpaced earnings estimates. Additionally, the Company re-affirmed its guidance for FY18. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, American Express most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=AXP

Earnings Highlights and Summary

For Q2 2018, American Express? consolidated total revenues, net of interest expenses, were a record $10.0 billion, up 9% from $9.2 billion in Q2 2017. The increase in revenues reflected higher spending by consumer, small business, and corporate Card Members. The Company?s revenues for the reported quarter also benefitted from higher loan volumes and fee income. The Company?s revenue numbers lagged analysts? estimates of $10.05 billion.

During Q2 2018, American Express? consolidated provisions for losses were $806 million, up 38% from $583 million in Q2 2017, with the increase reflecting a growth in the loan and charge portfolios and higher write-off rates.

For Q2 2018, American Express reported consolidated expenses of $7.1 billion, up 7% from $6.6 billion in Q2 2017, primarily reflecting higher rewards expenses and costs associated with marketing and business development. The latter category included continued investments in partnerships and a higher spending on growth initiatives.

American Express reported a net income of $1.6 billion, or $1.84 per diluted share, in Q2 2018 compared to $1.3 billion, or $1.47 per diluted share, in Q2 2017. The Company?s earnings surpassed Wall Street?s estimates of $1.82 per share.

Segment Results

During Q2 2018, American Express? Global Consumer Services Group recorded revenues, net of interest expenses, of $5.3 billion, up 12% from $4.7 billion in Q2 2017, primarily reflecting higher loans, Card Member spending, and fee income. The segment?s provisions for losses totaled $565 million in the reported quarter, up 32% from $428 million in the year earlier same quarter, primarily attributed to a growth in the loan portfolio and an increase in the lending write-off rate. For Q2 2018, the Global Consumer Services Groups? total expenses were $3.8 billion, up 11% from $3.4 billion in Q2 2017, primarily reflecting higher rewards expenses and costs associated with marketing and business development. The segment reported a net income of $770 million in Q2 2018, up 25% from $615 million in the prior year?s comparable quarter.

American Express? Global Commercial Services division generated total revenues, net of interest expenses, of $3.2 billion in Q2 2018, up 8% from $2.9 billion in Q2 2017, driven by higher Card Member spending. The segment?s provisions for losses totaled $235 million, up 55% from $152 million in the year ago corresponding period. For Q2 2018, the Global Commercial Services division?s total expenses were $2.2 billion, up 9% from $2.0 billion in Q2 2017. The rise primarily reflected higher costs associated with marketing and business development, and a growth in rewards expenses. The segment?s net income jumped 18% to $564 million in the reported quarter from $477 million in the year ago same period.

During Q2 2018, American Express? Global Merchant and Network Services (GMNS) segment?s total revenues, net of interest expenses, were $1.6 billion, up 1% on a y-o-y basis, primarily reflecting higher proprietary Card Member spending. The segment?s total expenses were $838 million in the reported quarter, up 1% from $829 million in the prior year?s comparable quarter. For Q2 2018, American Express? net income was $543 million, up 14% from $476 million in Q2 2017.

Outlook

For FY18, American Express is forecasting revenues to be up at least 9% on a y-o-y basis. The Company re-affirmed its earnings per share guidance to be at the high-end of the range of $6.90 ? $7.30 for FY18.

Stock Performance Snapshot

July 19, 2018 - At Thursday?s closing bell, American Express? stock declined 2.73%, ending the trading session at $100.17.

Volume traded for the day: 7.16 million shares, which was above the 3-month average volume of 3.60 million shares.

Stock performance in the last month ? up 3.12%; previous six-month period ? up 0.31%; past twelve-month period ? up 16.57%; and year-to-date ? up 0.87%

After yesterday?s close, American Express? market cap was at $86.01 billion.

Price to Earnings (P/E) ratio was at 15.54.

The stock has a dividend yield of 1.40%.

The stock is part of the Financial sector, categorized under the Credit Services industry.

LONDON, UK / ACCESSWIRE / July 20, 2018 /

If you want access to our free earnings report on American Express Co. (NYSE: AXP), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=AXP. The Company reported its second quarter fiscal 2018 operating and financial results on July 18, 2018. The Credit Card Company recorded its fifth consecutive quarter of having adjusted revenues of at least 8%, and also outpaced earnings estimates. Additionally, the Company re-affirmed its guidance for FY18. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, American Express most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=AXP

Earnings Highlights and Summary

For Q2 2018, American Express? consolidated total revenues, net of interest expenses, were a record $10.0 billion, up 9% from $9.2 billion in Q2 2017. The increase in revenues reflected higher spending by consumer, small business, and corporate Card Members. The Company?s revenues for the reported quarter also benefitted from higher loan volumes and fee income. The Company?s revenue numbers lagged analysts? estimates of $10.05 billion.

During Q2 2018, American Express? consolidated provisions for losses were $806 million, up 38% from $583 million in Q2 2017, with the increase reflecting a growth in the loan and charge portfolios and higher write-off rates.

For Q2 2018, American Express reported consolidated expenses of $7.1 billion, up 7% from $6.6 billion in Q2 2017, primarily reflecting higher rewards expenses and costs associated with marketing and business development. The latter category included continued investments in partnerships and a higher spending on growth initiatives.

American Express reported a net income of $1.6 billion, or $1.84 per diluted share, in Q2 2018 compared to $1.3 billion, or $1.47 per diluted share, in Q2 2017. The Company?s earnings surpassed Wall Street?s estimates of $1.82 per share.

Segment Results

During Q2 2018, American Express? Global Consumer Services Group recorded revenues, net of interest expenses, of $5.3 billion, up 12% from $4.7 billion in Q2 2017, primarily reflecting higher loans, Card Member spending, and fee income. The segment?s provisions for losses totaled $565 million in the reported quarter, up 32% from $428 million in the year earlier same quarter, primarily attributed to a growth in the loan portfolio and an increase in the lending write-off rate. For Q2 2018, the Global Consumer Services Groups? total expenses were $3.8 billion, up 11% from $3.4 billion in Q2 2017, primarily reflecting higher rewards expenses and costs associated with marketing and business development. The segment reported a net income of $770 million in Q2 2018, up 25% from $615 million in the prior year?s comparable quarter.

American Express? Global Commercial Services division generated total revenues, net of interest expenses, of $3.2 billion in Q2 2018, up 8% from $2.9 billion in Q2 2017, driven by higher Card Member spending. The segment?s provisions for losses totaled $235 million, up 55% from $152 million in the year ago corresponding period. For Q2 2018, the Global Commercial Services division?s total expenses were $2.2 billion, up 9% from $2.0 billion in Q2 2017. The rise primarily reflected higher costs associated with marketing and business development, and a growth in rewards expenses. The segment?s net income jumped 18% to $564 million in the reported quarter from $477 million in the year ago same period.

During Q2 2018, American Express? Global Merchant and Network Services (GMNS) segment?s total revenues, net of interest expenses, were $1.6 billion, up 1% on a y-o-y basis, primarily reflecting higher proprietary Card Member spending. The segment?s total expenses were $838 million in the reported quarter, up 1% from $829 million in the prior year?s comparable quarter. For Q2 2018, American Express? net income was $543 million, up 14% from $476 million in Q2 2017.

Outlook

For FY18, American Express is forecasting revenues to be up at least 9% on a y-o-y basis. The Company re-affirmed its earnings per share guidance to be at the high-end of the range of $6.90 ? $7.30 for FY18.

Stock Performance Snapshot

July 19, 2018 - At Thursday?s closing bell, American Express? stock declined 2.73%, ending the trading session at $100.17.

Volume traded for the day: 7.16 million shares, which was above the 3-month average volume of 3.60 million shares.

Stock performance in the last month ? up 3.12%; previous six-month period ? up 0.31%; past twelve-month period ? up 16.57%; and year-to-date ? up 0.87%

After yesterday?s close, American Express? market cap was at $86.01 billion.

Price to Earnings (P/E) ratio was at 15.54.

The stock has a dividend yield of 1.40%.

The stock is part of the Financial sector, categorized under the Credit Services industry.

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