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