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The profit of American Express has increased by 2.5 times over the year

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The profit of American Express has increased by 2.5 times over the year
January 18
09:00 2019

American Express has increased its profits over the past year by more than 100%. It is equal to 6.9 billion dollars. In 2017, this figure was $ 2.75 billion. The revenue has grown to $ 40.3 billion. The indicators seem to be the highest since the existence of the company.
In the fourth quarter, the company earned $ 2 billion (the income amounted to $ 2.3 per share). In 2017, AmEx lost $ 1.2 billion over the same period.

Analysts estimated the company’s annual performance at $ 7.4 per share, with the revenue of $ 40.4 billion.

It is predicted that next year American Express can get the revenue in the range of $ 7.8 – 8.4 per share and increase the revenue by about 10%. Experts believe that these figures will be equal to 8.15 US dollars and 7.5%, respectively.

After the reporting, AmEx securities have slipped by 2.3%.

The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade

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