American Express profit falls 13 percent, but tops forecasts

American Express profit falls 13 percent, but tops forecasts

American Express Company (NYSE:AXP) posted its quarterly earnings data on Wednesday. Gilman Hill Asset Management LLC now owns 3,227 shares of the company's stock worth $228,000 after buying an additional 68 shares during the last quarter. Most recently on 1/30/17 the stock of American Express Company (NYSE:AXP) upgraded by Keefe Bruyette from Mkt Perform to Outperform.

However, AmEx is curbing costs in other areas to bolster margins and said it was on track to remove $1 billion from its expenses this year and was "very confident" of meeting its full-year profit forecast of $5.60-$5.80 per share. After having $0.91 EPS previously, American Express Company's analysts see 39.56% EPS growth. These holdings make up 85.04% of the company's outstanding shares. SRB Corp raised its stake in shares of Express Scripts Holding Company by 6.4% in the third quarter. Finally, Massey Quick & Co.

Shares of Express Scripts Holding Company (NASDAQ:ESRX) opened at 66.47 on Monday.

Most recently American Express Company (NYSE:AXP)'s price target was revised on 4/11/17 and according to 25 analysts stock's price will reach at $81.60 during 52 weeks with standard deviation of 13.17.

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That was Arsene Wenger's first major error on the night. "When you are a big club you want to win every game, so that is normal". We had comments as well and we did get it independently looked at by a company who identified respect for Arsene Wenger.

American Express Company (AXP) now has the market capitalization of $68.2 Billion, P/E (price to earnings ttm) of 13.45 and Weekly volatility of 1.30% and monthly volatility of 1.35% respectively. Finally, Instinet reissued a reduce rating and issued a $63.00 price target on shares of American Express Company in a report on Saturday, March 11th. Current price places the company's stock 33.44% away from its 200-day simple moving average, 10.54%, away from the 50-day average and also 5.84% away from 20-day average.

Total expenses for the quarter increased to $5.50 billion from $5.47 billion previous year, reflecting mainly higher rewards expenses related to recent product enhancements.

On 12/31/2016 The AES Corporation (AES) reported its EPS in the last quarter as $0.35/Share lagging the analyst estimate of $0.36/Share by the difference of $-0.01. Fcm Tx has invested 0.07% of its portfolio in Express Scripts Holding Company (NASDAQ:ESRX).

Revenues fell 2.5% from past year to $7.89 billion, also beating analysts' view for $7.76 billion. Equities analysts anticipate that American Express Company will post $5.63 EPS for the current year.

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The New York City-based credit card issuer reported Q1 earnings per share (EPS) of $1.34, which was $0.07 better than the Wall Street consensus estimate of $1.27. Shareholders of record on Friday, April 7th will be paid a $0.32 dividend. The ex-dividend date is Wednesday, April 5th. If you are reading this story on another website, it was illegally copied and republished in violation of U.S. and worldwide trademark & copyright legislation. American Express Company has a quick ratio of *tba measuring its ability to meet its short term obligations with its most liquid assets. JPMorgan Chase & Co. upgraded American Express Company from a neutral rating to an overweight rating and increased their target price for the company from $76.00 to $90.00 in a research note on Tuesday, January 17th.

American Express Company had its "reduce" rating reiterated by analysts at Instinet. Barclays PLC set a $83.00 price objective on shares of American Express Company and gave the company a "hold" rating in a research report on Sunday, January 8th. American Express Company has a 1-year low of $57.15 and a 1-year high of $82.00. Rating Scale: 1.0 represent "Strong Buy" and 2.0 signify "Buy" 3.0 while shows "Hold". Stock's intraday price range hit the peak level of $76.81 and touched the lowest level of $75.70.

The AES Corporation (AES) is now trading with the volume of 2.45 Million.

American Express Company's ROI is valued at 4.20% relatively measuring the profitability on the investment. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Price targets frequently change, depending on the outlook for a company's earnings.

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