Earnings Preview: American Express

Apr.19.11 | About: American Express (AXP)

American Express (NYSE:AXP) is expected to report Q1 results on Wednesday, April 20 after the market close with a conference call scheduled for 5 pm ET.


Analysts are looking for EPS of 92c on revenue of $6.98B. The consensus range is 78c-$1.01 for EPS, and $6.65B-$7.17B for revenue, according to First Call. On April 15, American Express said that its 30-day delinquency rate in March dropped to 1.8% from 2% in February. The credit card company's net write-off rate inched down to 3.7% from 3.8%. The improvement in credit card metrics was generally echoed by the large banks that have reported Q1 results so far, suggesting that it's a national trend. American Express investors may be interested in hearing about the progress in Congress of a bill that would delay the debit card fee limits about to be imposed by the Fed.