Early Access

10-QPeriod: Q1 FY2018

AMERICAN EXPRESS CO Quarterly Report for Q1 Ended Mar 31, 2018

Filed April 25, 2018For Securities:AXP

Summary

American Express Company (AXP) reported its first quarter 2018 financial results on April 24, 2018. The filing covers the period ending March 30, 2018. Investors should note the company's performance across its key business segments, including revenue generation, credit quality, and strategic investments, all of which are critical drivers of shareholder value. The MD&A section provides crucial insights into the operational performance and the factors influencing the company's financial condition. Key takeaways from this report likely revolve around the company's ability to manage expenses while driving revenue growth, particularly in its core lending and payment services. Attention should also be paid to trends in credit performance, as this directly impacts provisions for losses and overall profitability. Strategic initiatives aimed at customer acquisition and retention, as well as technology investments, are also important considerations for understanding AXP's competitive positioning and future growth prospects.

Financial Statements
Beta
Revenue$6.39B
Interest Expense$621.00M
Net Income$1.63B
EPS (Basic)$1.86
EPS (Diluted)$1.86
Shares Outstanding (Basic)859
Shares Outstanding (Diluted)861

Key Highlights

  • 1Consolidated Statements of Income, Comprehensive Income, Balance Sheets, and Cash Flows for the three months ended March 31, 2018, and comparisons to prior periods (2017 and December 31, 2017 for Balance Sheets) are presented.
  • 2Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A) provides detailed commentary on the company's performance and outlook.
  • 3Quantitative and Qualitative Disclosures about Market Risk offer insights into how AXP manages exposure to various market fluctuations.
  • 4Discussion of Legal Proceedings and Risk Factors addresses potential headwinds and ongoing litigation that could impact the company.
  • 5Information regarding Controls and Procedures ensures investors that the company maintains robust internal controls over financial reporting.
  • 6Details on Unregistered Sales of Equity Securities and Use of Proceeds are included, if applicable.
  • 7The filing includes essential Exhibits that support the financial statements and disclosures.

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