BMO Capital Raises Price Target on American Express (AXP) to $75; Reiterates Market Perform

Consumers Willing to Take Additional Security Steps to Prevent Online Fraud as E-Commerce Grows, Finds New American Express Survey

October 20, 2016 8:30 AM EDT

Merchants Have Opportunity to Boost Online Sales and Customer Trust

NEW YORK--(BUSINESS WIRE)-- As e-commerce continues to expand, online payment security is a top concern for merchants1 and consumers2, according to a new report from American Express (NYSE: AXP). The 2016 American Express Digital Payments Security Survey found that 70% of U.S. merchants are experiencing an increase in sales through online and mobile channels over the previous year.

The report, which surveyed 1,021 U.S. consumers and 401 merchants, reveals that as ecommerce grows, payment security remains... More

American Express Reports Third Quarter EPS of $1.20

October 19, 2016 4:05 PM EDT

Raises Full Year Guidance and Reaffirms 2017 Outlook

NEW YORK--(BUSINESS WIRE)-- American Express Company (NYSE: AXP) today reported third-quarter diluted earnings per share of $1.20, down 3 percent from $1.24 a year ago. Excluding a restructuring charge related to cost reduction efforts, adjusted diluted earnings per share was $1.24.2

           

(Millions, except percentages and per share amounts)

                          Quarters Ended

September 30,

Percentage

Inc/(Dec)

Nine Months Ended

September 30,

Percentage

Inc/(Dec)

            2016         2015         2016         2015       Total Revenues Net of Interest Expense     $ 7,774       $ 8,193     (5)   $ 24,097       $ 24,427       (1) Net Income     $ 1,142    ... More