Earnings Alerts

American Express Co (AXP) Earnings: November Charge-Offs at 2%, Delinquencies at 1.4%

By December 17, 2024 No Comments
“`html

  • American Express reported a charge-off rate of 2% in November 2024.
  • The delinquency rate for the same period was 1.4%.
  • Analyst recommendations currently stand at 13 buys, 16 holds, and 4 sells.

“`


A look at American Express Co Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth4
Resilience3
Momentum4
OVERALL SMART SCORE3.0

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

Based on the Smartkarma Smart Scores, American Express Co appears to have a positive long-term outlook. The company has received a solid score of 4 for Growth and Momentum, indicating strong potential for growth and positive market momentum. This suggests that American Express Co may continue to expand and outperform in the future.

Although the Value and Dividend scores are lower at 2, the company still maintains a respectable overall outlook. With a resilience score of 3, American Express Co demonstrates a moderate ability to weather economic challenges. Considering its status as a global payment and travel company, specializing in charge and credit payment card products, American Express Co seems well-positioned for future success in the 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