Categories AlphaGraphs, 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

Stitch Fix (SFIX) Stock: Will the innovative biz model survive virus-led slump?

The business world is still struggling to come out of the virus-induced slowdown, but it seems almost every retail segment benefited from the pandemic at some point. The vaccination drive

General Mills (GIS): Three factors that are expected to help drive growth for the food company going forward

Shares of General Mills Inc. (NYSE: GIS) were up 3.2% on Wednesday after the company delivered better-than-expected results for the first quarter of 2022. Net sales rose 4% year-over-year to

IPO Alert: Allvue Systems sets IPO terms, to raise around $290 million

It is estimated that the alternative investments industry has expanded at a compound annual rate of 10.2% over the past ten years and had $11 trillion in assets under management

Add Comment
Viewing Highlight