Categories AlphaGraphs, Earnings, Finance
American Express (AXP) Q2 Earnings: Key financials and quarterly highlights
American Express Company (NYSE: AXP) reported second quarter 2021 earnings today.
Consolidated total revenues, net of interest expense, were $10.2 billion, up 33% from the same period a year ago, reflecting growth in Card Member spending, as well as a rise in the average discount rate due to higher levels of travel and entertainment spending in the US.
Net income was $2.3 billion, or $2.80 per share, compared to $257 million, or $0.29 per share, last year. This year’s results included $866 million in credit reserve releases, driven mainly by strong credit performance and improvements in the macroeconomic outlook.
Based on current trends, the company is confident it can come within the high end of the range of EPS expectations it had for 2020 in 2022.
Prior performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
CVX Earnings: Chevron reports lower revenue and profit for Q3 2024
Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to
Key highlights from Exxon Mobil Corporation’s (XOM) Q3 2024 earnings results
Exxon Mobil Corporation (NYSE: XOM) reported its third quarter 2024 earnings results today. Total revenues and other income remained relatively flat at $90 billion compared to the same period a
AAPL Earnings: Apple Q4 2024 sales rise 6% YoY, beat estimates
Apple Inc. (NASDAQ: AAPL) reported an increase in revenues for the fourth quarter of 2024. The top line came in above estimates. The gadget giant generated revenues of $94.9 billion
