Categories AlphaGraphs, Earnings, Finance

AXP Earnings: All you need to know about American Express Q2 2020 earnings results

American Express Company (NYSE:AXP) reported second quarter 2020 earnings results today.

Total revenues dropped 29% year-over-year to $7.6 billion, mainly due to a decline in Card Member spending and a lower average discount rate.  

Net income fell 85% to $257 million and EPS declined 86% to $0.29.

Consolidated provisions for losses were $1.6 billion, up from $861 million a year ago, due to a reserve build of $628 million.

Past Performance

Click here to read the transcript for American Express Q2 2020 earnings conference call

Most Popular

Hormel Foods (HRL) fine-tunes biz strategy to beat challenges. Is the stock a buy?

For consumer staples companies, rising inflation is probably turning into a bigger challenge than the virus-induced supply chain disruption and store closures. After bettering its position since the early months

HP Inc. (HPQ) stock research summary | Q3 2021

HP Inc has shown a strong performance in Q4 2021. In spite of remote working, HP has shown a strong demand for PC and printer. The company has beat Zacks

VMware Inc. (VMW) stock research summary | Q3 2021

In this era of digital transformation, the technology industry is seeing a rapid influx of innovative products and solutions that help businesses adapt to the fast-changing and complex environment. VMware

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top