American Express Company (AXP) reported quarterly earnings results on Wednesday, Apr-20-2016. The company said it had a profit of $1.45 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.11. Analysts had a consensus of $1.34. The company posted revenue of $8088.00 million in the period, compared to analysts expectations of $8085.90 million. The company’s revenue was down -2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.48 EPS.
Many Wall Street Analysts have commented on American Express Company. Compass Point Initiated American Express Company on Apr 15, 2016 to “Buy”, Price Target of the shares are set at $69.Shares were Reiterated by Barclays on Mar 11, 2016 to “Equal Weight” and Lowered the Price Target to $ 63 from a previous price target of $77 .Shares were Reiterated by Deutsche Bank on Feb 9, 2016 to “Buy” and Lowered the Price Target to $ 66 from a previous price target of $90 .
American Express Company opened for trading at $61.81 and hit $62.625 on the upside on Monday, eventually ending the session at $62.59, with a gain of 0.72% or 0.45 points. The heightened volatility saw the trading volume jump to 31,40,068 shares. Company has a market cap of $60,340 M.
In a different news, on Jan 28, 2016, Ronald A Williams (director) purchased 18,040 shares at $55.51 per share price. According to the SEC, on Nov 24, 2015, Ashwini Gupta (Pres-Risk/Info Mgmt & AXP CRO) sold 103,084 shares at $72.48 per share price. On Nov 13, 2015, Douglas E. Buckminster (Pres, Global Consumer Services) sold 46,345 shares at $72.85 per share price, according to the Form-4 filing with the securities and exchange commission.
American Express Company is a global services company. The Companys principal products and services are charge and credit payment card products and travel-related services offered to consumers and businesses around the world. The Companys segments include U.S. Card Services International Card Services Global Commercial Services and Global Network & Merchant Services. The Companys United States banking subsidiaries Centurion Bank and AEBFSB issue a range of Card products and services. It also issues its charge and credit Cards around the world either on its own or as cobrands with partnering institutions. The Company provides expense management and travel services to companies and organizations through its Global Corporate Payments and Global Business Travel businesses. The Global Network & Merchant Services (GNMS) segment operates a global payments network that processes and settles card transactions.