|Bid||116.50 x 1300|
|Ask||116.86 x 900|
|Day's Range||116.67 - 119.98|
|52 Week Range||89.05 - 129.34|
|Beta (3Y Monthly)||0.99|
|PE Ratio (TTM)||14.44|
|Earnings Date||Jan 15, 2020 - Jan 20, 2020|
|Forward Dividend & Yield||1.72 (1.46%)|
|1y Target Est||131.83|
Boeing Co and Johnson & Johnson shares led both the S&P 500's and the Dow's declines. Today's market weakness "has to do with (GDP) news out of China, Boeing and Johnson & Johnson," Cardillo added, saying "market sentiment in terms of earnings is positive."
American Express earnings rose 11%, better than views. The Dow Jones stock was slightly lower early Friday. The credit card giant is nearing a buy point.
DOW UPDATE The Dow Jones Industrial Average is falling Friday afternoon with shares of Boeing and Johnson & Johnson delivering the stiffest headwinds for the blue-chip average. Shares of Boeing (BA) and Johnson & Johnson (JNJ) have contributed to the index's intraday decline, as the Dow (DJIA) was most recently trading 206 points, or 0.
Boeing Co and Johnson & Johnson shares led the blue-chip Dow's decline. Third-quarter earnings season has hit full stride, with 73 companies in the S&P 500 having reported.
Wall Street fell on Friday, dragged down by Boeing and Johnson & Johnson and as worries over global economic growth were rekindled by gloomy data out of China. The world's second-largest economy expanded at its weakest pace in almost 30 years in the third quarter amid a bitter trade war with the United States, which has roiled financial markets and fueled fears of a global recession.
The card giant’s third-quarter earnings and revenue beat analyst expectations, but the chief financial officer saw “signs of caution” in commercial spending.
The major stock indexes were mixed in morning trade Friday. Johnson & Johnson sold off after a baby powder recall.
DOW UPDATE Shares of Johnson & Johnson and American Express are posting losses Friday morning, dragging the Dow Jones Industrial Average into negative territory. Shares of Johnson & Johnson (JNJ) and American Express (AXP) have contributed to the index's intraday decline, as the Dow (DJIA) was most recently trading 70 points (0.
Wall Street was set to open flat on Friday, as upbeat earnings reports calmed nerves about the global economy after China expanded at its weakest pace in almost 30 years. While global equities fell on the third-quarter report, a raft of robust earnings from Coca-Cola Co, American Express Co and Schlumberger NV lifted the mood.
Stocks inched higher as more companies reported strong profits, offsetting news that economic growth slowed down in China.
E-Trade and Intuitive Surgical were poised for big early gains, Coca-Cola and AmEx lifted the Dow Jones today, while Caterpillar stock lagged on a downgrade.
American Express (AXP) delivered earnings and revenue surprises of 0.48% and 0.34%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Credit card issuer American Express Co reported a higher-than-expected quarterly profit that highlighted the health of the U.S. consumer even as fears mount that a manufacturing-led weakness could spread to the broader economy. New York-based AmEx, for long the preferred choice of affluent Americans for credit cards, however, quelled investor concerns with its ninth straight quarter of foreign exchange adjusted revenue growth of at least 8%. "The trends we saw in the business this quarter continue to be consistent with an economy that continues to grow, albeit at a more modest pace than last year," Chief Executive Officer Steve Squeri said.
American Express (NYSE: AXP) reported third-quarter earnings of $2.08 per share, which beat the analyst consensus estimate of $2.03 by 2.46%. The company reported quarterly sales of $11 billion, which beat the analyst consensus estimate of $10.95 billion by 0.46%. "Our results continued the steady performance we've been delivering for several years now, marking the 9th straight quarter of FX-adjusted revenue growth of at least 8%," said Steve Squeri, CEO of American Express.
New York-based AmEx, for long the preferred choice of affluent Americans for credit cards, however, quelled investor concerns with its ninth straight quarter of foreign exchange adjusted revenue growth of at least 8%. U.S. big banks' quarterly results also showed that American consumers are helping to prop up the economy, even as recession fears have led businesses to pull back on spending and borrowing. In the (fourth quarter), we expect revenue growth to continue with the strong levels we have seen," Chief Financial Officer Jeffrey Campbell told analysts on a post-earnings conference call.
Shares of American Express Co. surged 2.1% premarket after the credit card and travel services company reported a third-quarter profit and revenue that rose above expectations, citing higher card member spending, net interest income and card fees. Net income rose to $1.76 billion, or $2.08 a share, from $1.65 billion, or $1.88 a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share of $2.08 topped the FactSet consensus of $2.03. Revenue increased 8% to $10.99 billion, above the FactSet consensus of $10.94 billion. Within the company's business segments, consumer services revenue rose 11% to $5.4 billion, commercial services grew 7% to $3.4 billion and merchant and network services revenue increased 5% to $1.7 billion. Looking ahead, AmEx expects 2019 adjusted EPS of $7.85 to $8.35, which surrounds the FactSet consensus of $8.01. "The trends we saw in the business this quarter continue to be consistent with an economy that continues to grow, albeit at a more modest pace than last year," said Chief Executive Steve Squeri. The stock has lost 7.2% over the past three months, while the SPDR Financial Select Sector has slipped 0.1% and the Dow Jones Industrial Average has eased 0.7%.
Investing.com - American Express (NYSE:AXP) reported third quarter earnings that beat analysts' expectations on Friday and revenue that topped forecasts.
Investing.com -- China's economy grew at its slowest rate in nearly 30 years in the third quarter, and Boris Johnson is battling to get his Brexit deal through a recalcitrant House of Commons, while Saudi Arabia has postponed the IPO of national company Saudi Aramco - again. Here's what you need to know in financial markets on Friday, 18th October.