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

American Express Q1 2021 earnings.

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

What awaits MongoDB (MDB) after the much-awaited turnaround?

MongoDB, Inc. (NASDAQ: MDB), the tech firm that pioneered a new method for creating databases, enables developers to work with high volumes of varied data effortlessly. The company this week

Earnings: A snapshot of GameStop’s Q3 2022 financial performance

GameStop Corp. (NYSE: GME) reported a narrower net loss for the third quarter of 2022 despite the gaming company’s sales decreasing year-over-year. The company reported a net loss of $94.7 million

Here’s why Signet Jewellers (SIG) is confident about its long-term growth opportunity

Shares of Signet Jewelers Limited (NYSE: SIG) were up 5% on Wednesday. The stock has gained 32% over the past three months. A day ago, the company delivered better-than-expected earnings

Add Comment
Viewing Highlight