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American Express Beats Revenue Estimates, Misses Earnings
Another financial company selling off after a weaker than expected earning announcement, in an earnings seasons that so far has been largely disappointing for financials (except for those that enjoy adjusting their loss reserve ratios ever lower).
More details:
- Q4 revenue USD 7.32bln vs. Exp. USD 7.28bln
- Q4 EPS USD $0.94 vs. Exp. $0.97
- Q4 net USD 1.06bln
- Q4 Return on Average Equity 27.5%
- Q4 revenue net of interest expense USD 7.32bln
- Q4 provision for losses USD 239mln
- cardmember spending up 15% this period
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Borrowing Fed funds at .025 and 'lending' it at 29.99 isn't working? Say it ain't so.
I just can't understand that companies like that got so greedy that they blew it all chasing bigger profits.
I wish I could loan out money at 29.99%, but then again I would be called a loan shark.
wait a sec....is this before or after they turned into a bank holding company???
LOL, excellent point....the banks cant even borrow at 0% and make any money loaning it out at near 30%. Oh well, keep printing and pumping Ben, its all anyone cares about anymore. BTW Im sure this miss will be good for another 100 on the DOW tomorrow easy.
Earnings dont matter
http://www.zerohedge.com/article/here-comes-another-25-billion-excess-we...
Check out the price performance of Capital One vs. any major gold stock the last 7 weeks...
COF has rocketed from $38 to $48 in less than two months, a truly staggering run.
You make it sound like gold is Salesforce.com
Entirely in line with growing expectations of galloping inflation.
Fuck off and die RainbowTrader you lying phony, and take your junk gold stocks with you. Bullish on gold Friday, Monday all day marveling at the 'severe hammering' compared to some credit card stock. Youre a dick.
That should be good for another 165 points tomorrow.
No Virginia, AXP isn't going to keep the Dow from hitting 12k this week. Out with BTFD in 2011 and in with BHSH.
Yea go fuck yourself commie scumbag.
Junk ya right back, spineless douche nozzle.
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