Close | Chg | Chg % | |
---|---|---|---|
$95.15 | 1.29 | 1.37% | 1.29 1.37% |
5 Day |
|
1 Month |
|
3 Month |
|
YTD |
|
1 Year |
|
Shares of American Express Co. rose nearly 3% late Wednesday after the credit-card company reported first-quarter earnings and sales above Wall Street expectations. American Express said it earned $1.6 billion, or $1.86 a share, compared with $1.3 billion, or $1.35 a share, in the year-ago period. Revenue rose to $9.72 billion in the quarter, from $8.71 billion a year ago. Analysts polled by FactSet had expected GAAP earnings of $1.71 a share on sales of $9.08 billion. "Our year is off to a good start with double-digit growth in billed business, revenues and earnings," Chief Executive Stephen J. Squeri said in a statement. Card-member spending grew 12% and American Express acquired 3.5 million new cards globally. American Express shares ended the regular session up 1.4%.
American Express Q1 EPS $1.86 vs. expectations $1.71
American Express Q1 rev. $9.72 billion vs. expectations $9.07 billion
American Express shares up 2.5% after earnings
Delta Air Lines Inc. is banking on branded credit cards, repairing jets and plusher passenger amenities to drive growth. The No. 2 U.S. carrier beat quarterly earnings forecasts on Thursday thanks to rising passenger and cargo traffic as well as non-ticket revenue that is growing at an even faster pace.
American Express started at buy with $111 stock price target at UBS
The Dow Jones Industrial Average traded near session highs Wednesday afternoon, buoyed by gains in shares of American Express Co., Walmart Inc., Travelers Cos. Inc., and Goldman Sachs Group Inc. Those Dow components were adding about more than 40 points to the price-weighted Dow, which has been experiencing bumpy trade since the market open. Technology shares have weighed heavily on the broader market as some of the biggest components to the broader markets recent runup have buckled on concerns about lofty valuation and increased regulatory scrutiny. Shares of Walmart rose 2.4%, those for Travelers advanced 1.7%, while shares of Goldman Sachs Group Inc. traded 1.4% higher, while AmEx shares added 2%. Most recently, the Dow was up about 180 points, or 0.8%, at 24,037, the S&P 500 index returned 0.5% at 2,627, while the Nasdaq Composite Index was up 0.2% at 7,020.
All 30 components of the Dow Jones Industrial Average are declining in premarket trade Thursday, with Boeing Co. shares pacing the losses, as Dow futures fall 311 points ahead of the open. Boeing's stock was shedding 2.0%; the $6.65 price decline would shave about 46 points off the Dow's price. Among some of the other bigger decliners, shares of Travelers Companies Inc. gave up 1.6%, Chevron Corp. shed 1.5%, Intel Corp. lost 1.4%, Microsoft Corp. slid 1.3% and American Express Co. fell 1.4%. The most active stock was Apple Inc. , which lost 1.1%.
American Express reported improvement in key profit metrics in the latest period as it focuses on rebuilding its capital, which took a hit from charges related to the U.S. tax overhaul.
Visa Inc. and Mastercard Inc., the two largest U.S. card networks, said they’re planning to drop their longstanding initiatives to get online shoppers to use dedicated payment buttons.
The housewares retail chain was a disruptive 20th century retailer. In the 21st century, however, it’s found itself disrupted
Shares of the Minneapolis-based regional powerhouse have lagged behind those of bigger rivals. A money-laundering scandal didn’t help. But its stock now looks attractive.
Delta is banking on branded credit cards and plusher passenger amenities to drive growth. The No. 2 U.S. carrier beat quarterly earnings forecasts thanks to rising passenger and cargo traffic as well as rising non-ticket revenue.
Rewards deals have gotten sweet enough that it may make sense to have extra cards to score extra points.
Warm, fuzzy relationships with neighborhood shop owners can come with a price. But I was happy to work out a deal with a Brooklyn store that allows me to buy chow at a price competitive with the online giants.
Delta, United and American think they’ve found a way to make sure business travelers keep paying higher prices.
The card companies have a moat of molasses as long as blockchain transactions take relatively forever.
Does a leading U.K. retail and commercial bank belong with a mid-ranking U.S.-focused investment bank? If you were pitching this as a new business, you’d surely struggle to find backers. But this is where Barclays finds itself.
Charles Lazarus had a simple if powerful idea: build a supermarket for toys. The founder of national toy chain Toys “R” Us died on Thursday in New York at the age of 94.
Some investors are using shareholder resolutions to challenge gun makers and distributors on safety issues.
Expedia Inc.’s Orbitz subsidiary said Tuesday it has discovered a possible data breach affecting thousands of customers on one of its older sites and a partner platform.
Bank stocks have held up surprisingly well through the market’s recent turmoil.
Investors are treating each incoming data point as the start of a new narrative, says one strategist.
Today, a columnist wrote, “it’s difficult to imagine the company lacking a seat at any table it wants.”
Ohio’s largest pension fund hacked off two-fifths of its stake in Altaba in the fourth quarter.
More female executives are moving ahead in their careers through geographic moves, more employers are helping their accompanying husbands find work.
American Express has a new leader, but its strategy and message haven’t changed much. That may not cut it in a highly competitive and rapidly changing payments landscape.
Social media giants like Facebook and Snap have gotten blamed for a variety of ills. Now two academics argue the positives.
American Express Company 2018 Q1 - Results - Earnings Call Slides
American Express reported improvement in key profit metrics in the latest period as it focuses on rebuilding its capital, which took a hit from charges related to the U.S. tax overhaul.
American Express Co. (NYSE: AXP) released its first quarter financial results after the markets closed on Wednesday. The company said that it had $1.86 in earnings per share (EPS) on $9.72 billion in revenue, versus consensus estimates that called for $1.71 in EPS on $9.14 billion in revenue. The same period from last year had $1.35 in EPS on $7.89 billion in revenue.
Visa Inc. and Mastercard Inc., the two largest U.S. card networks, said they’re planning to drop their longstanding initiatives to get online shoppers to use dedicated payment buttons.
We shouldn’t expect another big tax charge this quarter, and that’s one reason to be optimistic. However, there are plenty of other factors that could bring shares down. The stock could really go anywhere from here.
American Express reports earnings on Wednesday with an elevated P/E ratio of 32.28 with a puny dividend yield of 1.50%.
Amazon is reportedly in talks with JPMorgan (JPM) for its credit card product for businesses.
Samsung Canada teams up with RBC to expand Samsung Pay availability to Canadians
AmEx teams with Marriott for new luxury card
The Trump administration has initiated a trade war with China and its allies by levying duties on imported goods in order to protest unfair trade practices.
Mastercard (MA) saw positive momentum in its business in 2017 thanks to the adoption of e-commerce.
On April 9, 2018, Mastercard (MA) made an announcement regarding the integration of its Masterpass service with the My Phillips 66 app.
Visa Inc Stock Looks Like a Big Winner Ahead of Earnings
24/7 Wall St. has put together a preview of GE, IBM and the other Dow Jones Industrial Average companies scheduled to report their quarterly results this week.
SA Stock To Watch: Netflix To The Rescue?
Shares of the Minneapolis-based regional powerhouse have lagged behind those of bigger rivals. A money-laundering scandal didn’t help. But its stock now looks attractive.
Delta is banking on branded credit cards and plusher passenger amenities to drive growth. The No. 2 U.S. carrier beat quarterly earnings forecasts thanks to rising passenger and cargo traffic as well as rising non-ticket revenue.
American Express Reports First-Quarter EPS of $1.86
EMV Cards Market 2018 Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast to 2023
National Park Foundation Boosts Volunteer Outreach & Programs Across National Parks Community
United States : American Express Will Open Eleventh Location of The CENTURION Lounge at Denver International Airport
United States : New Global Brand Platform Shows How American Express Has Customers' Backs in Life and Business
American Express and Marriott Unveil New and Refreshed Starwood Preferred Guest Co-Branded Credit Cards
Fourth Annual American Express Leadership Academy Global Alumni Summit Connects Social Purpose Leaders from Around the World
Mobile Wallet Market Size will Exceed US$ 6 Billion By 2022
SCA to Engage 5,000+ Volunteers in Nationwide Earth Month Celebration
With Tax Day Approaching, Arizona Residents Have New Options for State Tax Payments
American Express Will Open Eleventh Location of The CENTURION® Lounge at Denver International Airport
Compliance, RegTech and Financial Luminaries Headline the COMPLY2018 Conference
Smart Communications(TM) Unveils Agenda for INNOVATE 2018
New Global Brand Platform Shows How American Express Has Customers’ Backs in Life and Business
Singapore : CapitaLand to launch all-in-one e-payment service at 17 malls
Corporate Finance Leaders Worldwide Remain Optimistic and Will Face Risk Head-On Despite Economic and Political Uncertainty, According to New American Express Global Survey
Corporate Finance Leaders Worldwide Remain Optimistic and Will Face Risk Head-On Despite Economic and Political Uncertainty, According to New American Express Global Survey
United States : Richard Petrino Appointed Executive Vice President, Corporate Controller and Principal Accounting Officer of American Express
C&H Financial Services, Inc. climbs 13 places to #59 of the Top 60 Merchant Acquirers in the U.S.
C&H Financial Services, Inc. climbs 13 places to #59 of the top 60 Merchant Acquirers in the U.S.
American Express Co. engages in the provision of charge and credit card products, and travel-related services. It operates through the following segments: U.S. Card Services (USCS); International Consumer and Network Services (ICNS); Global Commercial Services (GCS); Global Merchant Services (GMS), and Corporate and Other. The USCS segment offers a range of proprietary consumer cards and provides services to consumers in the United States, including travel services. The ICNS segment covers travel services outside the United States. The GCS segment issues corporates and small business cards, and payment and expense management services globally. The GMS segment represents payment network that processes and settles proprietary and non-proprietary card transactions. The Corporate and Other segment consists of corporates functions and certain other businesses and operations. The company was founded by Henry Wells, William G. Fargo and John Warren Butterfield on March 28, 1850 and is headquartered in New York, NY. (See Full Profile)
Name | Chg % | Market Cap |
---|---|---|
Capital One Financial Corp. | $47.4B | |
Bank of America Corp. | $307.13B | |
JPMorgan Chase & Co. | $375.86B | |
Mastercard Inc. | $187.48B | |
Discover Financial Services | $25.43B |