Earnings Alerts

American Express Co (AXP) Earnings: September Charge-Offs at 1.9%, Delinquencies at 1.4%

By October 16, 2024 No Comments
  • American Express reported a charge-off rate of 1.9% for September.
  • The delinquency rate stands at 1.4% as per the latest figures.
  • All provided data is preliminary and subject to updates.
  • Analysts’ ratings for American Express include 13 buy recommendations, 16 holds, and 4 sell ratings.

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

Analysts utilizing the Smartkarma Smart Scores system have assessed American Express Co‘s long-term outlook, providing insights into different aspects of the company’s performance. With a strong momentum score of 5, American Express Co seems to be on a positive trajectory for growth and market performance. This indicates that the company is building up speed in the market, which could potentially lead to further advancements in the future. Additionally, the company has received solid scores in growth and resilience, indicating a positive outlook for its expansion and ability to withstand challenges in the market.

American Express Co‘s value and dividend scores of 2 suggest that there may be areas for improvement in terms of the company’s valuation and dividend offerings. Despite this, the overall picture painted by the Smart Scores showcases a company with strong growth potential and resilience, backed by a positive momentum in the market. As a global payment and travel company, American Express Co continues to offer charge and credit card products and travel services to consumers and businesses worldwide, positioning itself as a key player 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.
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