Earnings Alerts

American Express Co (AXP) Earnings: December Charge-Offs at 2.1% and Share Prices Rise 3.7%

By January 16, 2025 No Comments
  • American Express reported a charge-off rate of 2.1% for December.
  • Delinquencies for the same period were recorded at 1.4%.
  • The company reclassified $758 million of Card Member loans from its Lowe’s small business co-brand portfolio as loans held for sale.
  • This reclassification was effective starting December 1, 2024.
  • Following this update, American Express shares saw a rise of 3.7%, reaching $311.39.
  • A total of 198,858 shares were traded on this reporting.
  • The current analyst ratings include 14 buys, 16 holds, and 4 sells.

A look at American Express Co Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth4
Resilience3
Momentum4
OVERALL SMART SCORE3.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, American Express Co has a promising long-term outlook. With a solid score of 4 in Growth and Momentum, the company is positioned well for future expansion and market performance. This indicates that American Express Co shows strong potential for growth and positive upward momentum in the market.

While the Value and Dividend scores are average at 2, the Resilience score of 3 highlights the company’s ability to weather economic challenges and maintain stability. Overall, American Express Co, a global payment and travel company, presents a favorable outlook for investors seeking opportunities in a company known for its charge and credit card products.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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