American Express Co
AXP: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|TC | LOCK|%v@ | LOCK|%g&B%BS |
American Express Earnings: Strong Net Card Fee and Net Interest Income Drive Growth
American Express reported solid earnings in the first quarter, with earnings per share rising 9% from last year to $3.64, partially thanks to a $73 million credit reserve release. These results translate to a return on average equity of 33.6%.
