|Bid||0.00 x 100|
|Ask||0.00 x 18000|
|Day's Range||1,886.00 - 1,886.00|
|52 Week Range||1,420.00 - 1,957.00|
|PE Ratio (TTM)||635.02|
|Forward Dividend & Yield||25.53 (1.51%)|
|1y Target Est||N/A|
American Express reported an earnings beat for the first quarter last week, overcoming seasonal headwinds to churn out its best ever quarterly revenue figure thanks to an upbeat interest rate environment as well as due to its acquisition of a portfolio of Hilton co-branded cards from Citigroup.
American Express Company declared a semiannual dividend on the company’s 5.200% Fixed Rate / Floating Rate Noncumulative Preferred Shares, Series B, of $26,000 per share .
The card is aimed a the ‘most premium and often-traveling, globetrotting’ customers, the company says.
Women business owners receive 45% less in finance from lenders than men“Scandal” star and actress Kerry Washington and co-executive producer Judy Smith. After seven seasons, ABC’s (DIS) hit TV series “Scandal” is airing its final episode Thursday night — and, with it, viewers can take one last look at the challenges that face women who own small businesses. The brainchild of Shonda Rhimes, “Scandal” followed the forays of Olivia Pope, the owner of a Washington, D.C.-based crisis management firm as portrayed by actress Kerry Washington.
Discover Financial Services (DFS) has a price-to-earnings ratio on an NTM (next-12-months) basis of ~8.9x, which highlights its lower valuations. The average price-to-earnings ratio of Discover’s peers is ~14.0x.
The S&P 500’s top gainers on April 19 were: American Express (AXP) gained 7.6%. Snap-On (SNA) gained 6.2%. Bank of New York Mellon (BK) gained 5.7%. W.W. Grainger (GWW) gained 5.3%. KeyCorp (KEY) gained 3.6%. American Express
On a day stocks slumped, American Express rose following its first-quarter report and Philip Morris plummeted on disappointing sales of cigarette alternatives.
American Express' (AXP) strong first-quarter earnings had something to do with it. The financial sector normally responds positively to rising rates since it's a sign of a strengthening economy. After dipping during the first half of 2017, Treasury rates started to rise, and since then the link between the rates and the financial sector’s performance, known as correlation, has gotten stronger.
American Express (AXP) topped all other S&P 500 components on Thursday, helped by its upbeat first-quarter earnings. AmEx gained $7.22, or 7.6%, to $102.37. The S&P 500 fell 15.51 points, or 0.57%, to 2693.13.
Wall Street's three major indexes closed lower on Thursday, with tobacco stocks leading a tumble in consumer staples while concerns about smartphone demand hurt the technology sector and rising bond yields and earnings helped financials rebound. The market pared some losses late in the session after Bloomberg reported that Deputy Attorney General Rod Rosenstein told President Donald Trump last week he is not a target of Special Counsel Robert Mueller’s Russia investigation.
Key stock market index funds dropped Thursday as Apple and Intel offset a big gain from American Express on the Dow Jones industrial average.
American Express Company ( AXP) shares rose nearly 6% on Thursday after the company reported better-than-expected first quarter financial results following the bell on Wednesday. Revenue rose 11.6% to $9.72 billion – beating consensus estimates by $580 million – while earnings per share of $1.86 beat consensus estimates by 15 cents per share. Card member spending rose 12%, while the effective tax rate dropped from 32% to 22%.
U.S. stocks fell on Thursday, as technology stocks from Apple to chipmakers declined following a weak forecast on smartphone demand, while a sharp drop in Philip Morris's shares after results weighed on the consumer staples sector. A warning from Taiwan Semiconductor (TSMC), the world's largest contract chipmaker and Apple supplier, on soft demand for smartphones and on the semiconductor industry's growth this year sparked a tumble in chip stocks.
U.S. stocks dropped on Thursday, weighed down by a broad-based decline in technology stocks from Apple to chipmakers as well as a tumble in consumer staples such as Philip Morris and P&G. A warning from Taiwan Semiconductor (TSMC), the world's largest contract chipmaker and an Apple supplier, on soft demand for smartphones and on the semiconductor industry's growth this year sparked a tumble in chip stocks.