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published in Blogs
Oct 19, 2019

American Express (AXP, $116.74) beats Q3 earnings expectation, on strong card

American Express reported third quarter earnings that surpassed Wall Street's expectations, on strengths in its card business and some other segments.

The financial services company’s earnings of $2.08 a share beat analysts’ expectation of $2.03 a share. The EPS was also higher than the year-ago quarter’s $1.88 a share a year ago.

Revenue increased +8% to $11 billion, also ahead of Wall Street's forecast for $10.94 billion.

Tailwinds for the quarter’s performance included higher member spending on cards, strong net interest income and card fees.

Revenue from card fees surged +17% to a record $1.03 billion, beating analysts' estimates of $1.01 billion. Consumer services revenue increased +11% to $5.4 billion, while commercial services grew +7% to $3.4 billion. Merchant and network services revenue rose +5% to $1.7 billion.

Looking ahead, the company re-iterated its fourth-quarter expected earnings-per-share growth of +8%, and expected revenue growth of +10%.

For  the full-year 2019, the company expects earnings to range between $7.85 and $8.35 a share, compared to  analysts’ expectation of $8.01 a share.

 

Related Ticker: AXP

AXP's Stochastic Oscillator is sitting in overbought zone for 19 days

The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for AXP moved out of overbought territory on February 21, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 37 similar instances where the indicator moved out of overbought territory. In of the 37 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Moving Average Convergence Divergence Histogram (MACD) for AXP turned negative on February 20, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 50 similar instances when the indicator turned negative. In of the 50 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where AXP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

AXP broke above its upper Bollinger Band on January 26, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on January 25, 2024. You may want to consider a long position or call options on AXP as a result. In of 92 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AXP advanced for three days, in of 329 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 232 cases where AXP Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. AXP’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 79, placing this stock better than average.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (5.441) is normal, around the industry mean (4.502). P/E Ratio (18.813) is within average values for comparable stocks, (28.441). Projected Growth (PEG Ratio) (1.433) is also within normal values, averaging (3.934). AXP has a moderately low Dividend Yield (0.011) as compared to the industry average of (0.047). P/S Ratio (2.571) is also within normal values, averaging (24.671).

Notable companies

The most notable companies in this group are VISA (NYSE:V), Mastercard (NYSE:MA), American Express Company (NYSE:AXP), PayPal Holdings (NASDAQ:PYPL), Capital One Financial (NYSE:COF), United Rentals (NYSE:URI), Discover Financial Services (NYSE:DFS), Synchrony Financial (NYSE:SYF), SLM Corp (NASDAQ:SLM), Bread Financial Holdings (NYSE:BFH).

Industry description

A leasing company (e.g. United Rentals, Inc. ) is typically the legal owner of the asset for the duration of the lease, while the lessee has operating control over the asset while also having some share of the economic risks and returns from the change in the valuation of the underlying asset. Per capita disposable income and corporate earnings or cash flow could be some of the critical metrics for this business – the higher the values of these metrics, the potentially greater ability of consumers/businesses to afford apartments/office spaces for rent. Other finance companies include credit/debit card payment processing companies (e.g. Visa Inc. and Mastercard), private label credit cards providers (e.g. Synchrony Financial) and automobile finance companies (e.g. Credit Acceptance Corporation).

Market Cap

The average market capitalization across the Finance/Rental/Leasing Industry is 10.75B. The market cap for tickers in the group ranges from 2.17K to 568.48B. V holds the highest valuation in this group at 568.48B. The lowest valued company is AZNVF at 2.17K.

High and low price notable news

The average weekly price growth across all stocks in the Finance/Rental/Leasing Industry was -0%. For the same Industry, the average monthly price growth was -1%, and the average quarterly price growth was 16%. CURO experienced the highest price growth at 44%, while INJJF experienced the biggest fall at -39%.

Volume

The average weekly volume growth across all stocks in the Finance/Rental/Leasing Industry was -16%. For the same stocks of the Industry, the average monthly volume growth was -44% and the average quarterly volume growth was -8%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 46
P/E Growth Rating: 64
Price Growth Rating: 49
SMR Rating: 66
Profit Risk Rating: 79
Seasonality Score: -34 (-100 ... +100)
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AXPDaily Signal changed days agoGain/Loss if shorted
 
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a financial conglomerate

Industry FinanceRentalLeasing

Profile
Fundamentals
Details
Industry
Financial Conglomerates
Address
200 Vesey Street
Phone
+1 212 640-2000
Employees
74600
Web
https://www.americanexpress.com
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AXP and

Correlation & Price change

A.I.dvisor indicates that over the last year, AXP has been closely correlated with COF. These tickers have moved in lockstep 68% of the time. This A.I.-generated data suggests there is a high statistical probability that if AXP jumps, then COF could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To AXP
1D Price
Change %
AXP100%
-0.75%
COF - AXP
68%
Closely correlated
-1.73%
SYF - AXP
68%
Closely correlated
-2.03%
NAVI - AXP
63%
Loosely correlated
-0.74%
BFH - AXP
62%
Loosely correlated
-2.97%
ALLY - AXP
59%
Loosely correlated
-1.06%
More
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