American Express's stock rallies further, soars 7.7% into record territory after Q1 results
American Express's stock rallies further, soars 7.7% into record territory after Q1 results
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American Express's stock rallies further, soars 7.7% into record territory after Q1 results
American Express' stock price jumps adds about 45 points to the Dow's price
American Express's stock extends gains, surges 6.8% after Q1 results
The financial sector rose on Thursday, bucking the negative tone of the overall market and gaining as the top-performing sector of the day. The group rose 0.8%. Among the biggest gainers were American Express Co. , which surged 5.9% a day after reporting results that topped analyst forecasts. Bank of New York Mellon Corp. rose 3.6% after its own results. The gains for the broader financial sector come as the 10-year Treasury note yield rose above 2.9%, flirting with its highs from earlier in the year. Rising long-dated yields are seen as a tailwind for bank profitability. JPMorgan Chase & Co. rose 0.8%, Citigroup Inc. was up 1.2% and Morgan Stanley rose 1.1%. The Dow Jones Industrial Average fell 0.3% while the S&P 500 was off 0.4% and the Nasdaq Composite Index was down 0.5%.
Shares of American Express Co. surged 5.2% in morning trade Thursday, enough to pace the Dow Jones Industrial Average's advancers, in the wake of the charge-card and travel-related services company's first-quarter results. The stock's price gain was adding about 34 points to the Dow's price, which was down 88 points. Just behind AmEx was General Electric Co.'s stock , which climbed 1.8% ahead of the industrial conglomerate's first-quarter results due out early Friday. The Dow's biggest loser was Procter & Gamble Co.'s stock , which shed 3.9%, to shave about 21 points off the Dow's price, after reporting fiscal third-quarter results.
American Express stock price target raised to $86 from $81 at RBC Capital
American Express stock price target raised to $114 from $110 at Oppenheimer
Amex shares up 3.9% premarket
American Express Co. reported a 31% increase in first-quarter profit, driven by a pickup in card holder spending and borrowing. The company reported profit of $1.63 billion, or $1.86 a share. Revenue, net of interest expense, rose 12% to $9.72 billion. Analysts surveyed by FactSet had projected a profit of $1.71 a share on $9.13 billion in revenue.
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.
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American Express reported a 31% increase in first-quarter profit, driven by a pickup in card holder spending and borrowing.
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American Express' (AXP) Q1 2018 Results - Earnings Call Transcript
American Express reported a 31% increase in first-quarter profit, driven by a pickup in card holder spending and borrowing.
American Express reports earnings on Wednesday with an elevated P/E ratio of 32.28 and a puny dividend yield of 1.50%.
American Express Company (AXP) Posts After-Hours Gain on Earnings
American Express Company 2018 Q1 - Results - Earnings Call Slides
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%.
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C&H Financial Services, Inc. climbs 13 places to #59 of the Top 60 Merchant Acquirers in the U.S.
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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. | $47.24B | |
Bank of America Corp. | $300.49B | |
JPMorgan Chase & Co. | $372.83B | |
Mastercard Inc. | $188.66B | |
Discover Financial Services | $25.49B |