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What Analysts Are Saying About American Express After Earnings
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American Express Co. (NYSE: AXP) released its first-quarter earnings report after the markets closed on Wednesday. A fair number of analysts were impressed by these results and decided to weigh in on the stock. Looking back in 2016, this stock was one of the worst performers in the Dow, so these earnings beg the question of whether Amex has hit a turning point.
24/7 Wall St. has included an analyst montage detailing how they view this stock after earnings to give a panorama view of where this stock may be headed.
The credit card giant said it had $1.45 in earnings per share (EPS) on $8.09 billion in revenue. The Thomson Reuters consensus estimates had called for $1.35 in EPS on revenue of $7.99 billion. In the same period of last year, Amex posted EPS of $1.48 and $7.95 billion in revenue.
Amex reported the following segment results for the first quarter:
- U.S. Card Services reported net income of $694 million, up 5% from $659 million a year ago.
- International Card Services reported net income of $188 million, down 5% from $197 million a year ago.
- Global Commercial Services reported net income of $485 million, down 6% from $517 million a year ago.
- Global Network & Merchant Services reported net income of $357 million, down from $369 million a year ago.
- Corporate and Other reported a net loss of $298 million. This compared to a net loss of $217 million a year ago.
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