Earnings Alerts

American Express Co (AXP) Earnings Report: August Charge-Offs Rise to 2.2%

By September 17, 2024 No Comments
  • American Express August Charge-Offs: Charge-offs stood at 2.2% in August 2024.
  • Delinquencies: Delinquency rate was recorded at 1.3%.
  • Analyst Ratings: 15 analysts have given a ‘buy’ rating, 15 have marked it as a ‘hold’, and 3 have recommended a ‘sell’.

A look at American Express Co Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth4
Resilience4
Momentum4
OVERALL SMART SCORE3.2

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 has promising long-term prospects. With strong scores in Growth, Resilience, and Momentum, the company is positioned for continued success in the future. These high scores indicate that American Express Co is likely to experience positive growth, demonstrate resilience in challenging market conditions, and maintain strong momentum in its operations.

American Express Co, a global payment and travel company, offers charge and credit payment card products along with travel-related services to customers worldwide. The company’s solid scores in Growth, Resilience, and Momentum suggest that it is well-equipped to navigate the competitive landscape and capitalize on opportunities for further expansion and innovation in the payment and travel industries.


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.
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