American Express (AXP) Tops Q1 EPS by 11c

American Express (NYSE: AXP) reported Q1 EPS of $1.48, $0.11 better than the analyst estimate of $1.37. Revenue for the quarter came in at $7.95 billion versus the consensus estimate of $8.23 billion.

Consolidated provisions for losses totaled $420 million, down 13 percent from $485 million a year ago. The decrease primarily reflected a larger reserve release this quarter compared to last year. Credit indicators continued to be at historically strong levels.

The company's return on average equity (ROE) was 29.0 percent, up from 28.3 percent a year ago.

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

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