American Express (AXP) Tops Q4 EPS by 4c, Suspends Buyback Due to Upfront Charge From Tax Act

(Updated - January 18, 2018 4:15 PM EST)

American Express (NYSE: AXP) reported Q4 EPS of $1.58, $0.04 better than the analyst estimate of $1.54. Revenue for the quarter came in at $8.84 billion versus the consensus estimate of $8.72 billion.

GUIDANCE:

American Express sees FY2018 EPS of $6.90-$7.30, versus the consensus of $7.38.

“The upfront charge triggered by the Tax Act reduced our capital ratios and, as a result, while we will be continuing our quarterly dividends at the current level, we plan to suspend our share buyback program for the first half of 2018 in order to rebuild our capital.

For earnings history and earnings-related data on American Express (AXP) click here.

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