American Express Reports Second-Quarter Revenue of $7.7 Billion and Earnings Per Share of $0.29
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American Express (AXP) PT Raised to $100 at BMO Capital Following 2Q
July 27, 2020 6:57 AM EDTBMO Capital analyst James Fotheringham raised the price target on American Express (NYSE: AXP) to $100.00 (from $96.00) while maintaining a Market Perform rating following the company's 2Q. AXPs core EPS of $0.58 beat consensus of -$0.08; lower-than-expected credit provisions and operating expenses more than offset... More
American Express (AXP) PT Lowered to $110 at Susquehanna
July 24, 2020 1:46 PM EDTSusquehanna analyst James Friedman lowered the price target on American Express (NYSE: AXP) to $110.00 (from $120.00) while maintaining a Positive rating.
... MoreAmerican Express (AXP) Tops Q2 EPS by 40c, Revenues Miss
July 24, 2020 7:02 AM EDTAmerican Express (NYSE: AXP) reported Q2 EPS of $0.29, $0.40 better than the analyst estimate of ($0.11). Revenue for the quarter came in at $7.77 billion versus the consensus estimate of $8.15 billion.
Second-quarter consolidated total revenues net of interest expense were $7.7 billion, down 29 percent from $10.8 billion a year ago. The quarter primarily reflected a decline in Card Member spending and a lower average discount rate compared to the prior year.Consolidated provisions for losses were $1.6 billion, up from $861 million a year ago. The increase was primarily driven by a reserve build of $628 million.2 The reserve build... More