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American Express Beats Revenue Estimates, Misses Earnings

Tyler Durden's picture





 

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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Mon, 01/24/2011 - 17:21 | Link to Comment Xibalba
Xibalba's picture

Borrowing Fed funds at .025 and 'lending' it at 29.99 isn't working?  Say it ain't so.

Mon, 01/24/2011 - 17:24 | Link to Comment Sudden Debt
Sudden Debt's picture

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.

 

Mon, 01/24/2011 - 18:06 | Link to Comment Haywood Jablowme
Haywood Jablowme's picture

wait a sec....is this before or after they turned into a bank holding company???

 

Mon, 01/24/2011 - 18:50 | Link to Comment SheepDog-One
SheepDog-One's picture

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.

Mon, 01/24/2011 - 17:28 | Link to Comment RobotTrader
RobotTrader's picture

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.

Mon, 01/24/2011 - 17:35 | Link to Comment DonnieD
DonnieD's picture

You make it sound like gold is Salesforce.com

Mon, 01/24/2011 - 18:01 | Link to Comment EscapeKey
EscapeKey's picture

Entirely in line with growing expectations of galloping inflation.

Mon, 01/24/2011 - 18:52 | Link to Comment SheepDog-One
SheepDog-One's picture

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.

Mon, 01/24/2011 - 18:01 | Link to Comment EscapeKey
EscapeKey's picture

That should be good for another 165 points tomorrow.

Mon, 01/24/2011 - 18:04 | Link to Comment onlymyopinion
onlymyopinion's picture

No Virginia, AXP isn't going to keep the Dow from hitting 12k this week.  Out with BTFD in 2011 and in with BHSH.

Mon, 01/24/2011 - 18:57 | Link to Comment SheepDog-One
SheepDog-One's picture

Yea go fuck yourself commie scumbag.

Mon, 01/24/2011 - 18:57 | Link to Comment SheepDog-One
SheepDog-One's picture

Junk ya right back, spineless douche nozzle.

Mon, 01/24/2011 - 18:38 | Link to Comment Village Idiot
Village Idiot's picture

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