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American Express Reports Strong Earnings, Riding high On Its Credit Card Division

By John F. Heerdink, Jr.

Dow 30 component American Express Company (AXP), and its subsidiaries provide customers and businesses globally with charge and credit payment card products and travel-related services. They look to enrich the lives of their customers and build business success.

Credit card giant, American Express reported Q4 earnings recently, reporting figures far ahead of analysts’ expectations for earnings per share.

The company reported an EPS of $2.03 a share from a revenue of $11.4 billion during the quarter, beating FactSet, Wall Street estimates of EPS of $2.01 and $11.4 billion in revenue. Card-fee revenue grew 17% in 2019 and 20% year over year in the fourth quarter.

The results strengthened the fact that consumers are willing to pay for Amex cards and reportedly 70% of the new American Express cardholders choose cards with a fee with benefits. The company seems to be pulling and expanding the consumer credit-card business to generate more interest revenue which is not necessarily dependent on consumers struggling over unpaid balances.

To learn more about American Express Company (AXP) and to continue to track its progress please visit the Vista Partners American Express Coverage Page.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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(Read Original Story: American Express’s Strong Earnings Show That People Still Want to Pay to Use an Amex in Barron's)


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