Earnings Alerts

American Express Co (AXP) Earnings Analysis: April Charge-Offs and Delinquencies Breakdown

  • American Express reported a 2.5% charge-off rate in April 2024.
  • The company also experienced 1.4% in delinquencies during the same period.
  • The stock had 18 buys, 10 holds, and 5 sells from various market analysts.

A look at American Express Co Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth4
Resilience4
Momentum5
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

“`html

American Express Company, a global payment and travel firm, shows a promising long-term outlook based on Smartkarma Smart Scores. With a strong momentum score of 5, the company is exhibiting positive trends and market performance. Additionally, American Express Co scores well in growth and resilience, with scores of 4 for both factors. This indicates a potential for sustained growth and the ability to withstand economic challenges over time.

Although the company’s value and dividend scores are lower at 2, the overall outlook remains positive due to the high scores in growth, resilience, and momentum. American Express Company’s focus on charge and credit card products, alongside travel-related services, positions it well for future success in the dynamic payment industry.

“`


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars