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美国运通Q1每股盈利1.34美元 业绩超预期

来源:网络整理 编辑:采集侠 时间:2017-12-21

  American Express Company (NYSE:AXP) today reported first-quarter net income of $1.2 billion, down 13 percent from $1.4 billion in the year-ago quarter, which included certain subsequently discontinued cobrand partnerships. Diluted earnings per share was $1.34, down 8 percent from $1.45 a year ago.

  First-quarter consolidated total revenues net of interest expense were $7.9 billion, down 2 percent from $8.1 billion a year ago. That compared to a year-over-year decline of 4 percent in the prior quarter. Excluding last years Costco-related business and the impact of foreign exchange rates, adjusted revenues net of interest expense grew 7 percent.1 That is up from a year-over-year increase of 6 percent in the prior quarter.1Those increases primarily reflected higher adjusted Card Member spending and adjusted net interest income.

  Consolidated provisions for losses were $573 million, up 32 percent from $434 million a year ago. The increase primarily reflected higher loans, receivables and write-offs.

  Consolidated expenses were $5.5 billion, up 1 percent from a year ago. The current quarter reflected higher rewards expenses related to recent product enhancements. The prior year included a benefit of $127 million ($79 million after-tax) from a gain on the sale of the JetBlue cobrand portfolio and an $84 million ($55 million after-tax) restructuring charge.

  The effective tax rate for the quarter was 32 percent, down from 35 percent a year ago, due largely to the geographic mix of earnings and certain discrete tax items in the current quarter.

  The companys return on average equity (ROE) was 25.1 percent, up from 23.6 percent a year ago.

  “Our first quarter performance marks a good start to the year with momentum in the consumer and commercial businesses in the U.S. and in key markets internationally,” said Kenneth I. Chenault, chairman and chief executive officer. The results reflect many of the investments weve been making to grow the business, plus continued progress in reducing operating expenses.

  Card Member spending grew 8 percent, adjusted for changes in foreign exchange rates and Costco-related business that was included in the prior year. Loanswere up 11 percent and credit indicators remained best in class.

  We acquired 2.6 million new cards across our global issuing businesses during the quarter and continued to broaden our reach among millennials with an expanded merchant network and enhanced benefits and servicesto earn a greater share of their wallet.

  “The last couple of years have been an important transition period, and weve entered 2017 stronger, more focused and more resilient. There is still work to do, but our underlying performance this quarter gives me added confidence in our ability to deliver our 2017 EPS outlook of $5.60 -$5.80 and position American Express for sustainable growth in the years ahead。”

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