American Express Co Stock Research

Market Summary

USD159.78-2.98

Market Closed

-1.83%

AXP Alerts

6 major insider sales recently.

AXP Stock Price

AXP RSI Chart

AXP Valuation

Market Cap

118.7B

Price/Earnings (Trailing)

15.8

Price/Sales (Trailing)

2.76

EV/EBITDA

6.04

Price/Free Cashflow

6.18

AXP Price/Sales (Trailing)

AXP Profitability

EBT Margin

22.31%

Return on Equity

30.41%

Return on Assets

3.3%

Free Cashflow Yield

16.19%

AXP Fundamentals

AXP Revenue

Revenue (TTM)

43.0B

Revenue Y/Y

13.76%

Revenue Q/Q

4.01%

AXP Earnings

Earnings (TTM)

7.5B

Earnings Y/Y

-8.55%

Earnings Q/Q

-16.34%

Price Action

52 Week Range

130.65192.00

(Low)(High)

Last 7 days

-0.6%

Last 30 days

-8.5%

Last 90 days

8.7%

Trailing 12 Months

-14.5%

AXP Financial Health

Debt/Equity

1.72

Debt/Cashflow

0.5

AXP Investor Care

Dividend Yield

1.3%

Dividend/Share (TTM)

2.08

Buy Backs (1Y)

2.37%

Diluted EPS (TTM)

9.85

Peers (Alternatives to American Express)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AXP	118.7B	43.0B	-8.54%	-14.53%	15.8	2.76	24.07%	-6.77%
COF	34.5B	31.2B	-16.71%	-31.90%	4.69	1.1	21.22%	-40.60%
DFS	25.4B	12.9B	-15.27%	-15.60%	5.78	1.97	20.78%	-19.40%
SYF	12.3B	16.9B	-20.90%	-21.47%	4.07	0.73	10.86%	-28.55%
MID-CAP
ALLY	7.2B	10.6B	-19.43%	-44.41%	4.23	0.68	22.77%	-43.99%
CACC	5.2B	1.8B	-11.10%	-23.00%	9.66	2.82	-1.27%	-44.09%
OMF	4.2B	4.4B	-20.69%	-20.94%	4.73	0.94	1.63%	-33.18%
SLM	2.8B	2.0B	-21.57%	-37.97%	6.16	1.39	14.34%	-60.20%
NAVI	2.1B	3.2B	-16.14%	-10.49%	3.29	0.66	21.71%	-10.04%
SMALL-CAP
GDOT	832.5M	1.4B	-9.24%	-41.78%	12.96	0.57	1.14%	35.24%
LC	723.5M	712.4M	-29.12%	-58.09%	2.5	1.02	17.60%	1459.12%
CPSS	188.4M	329.7M	-14.36%	-19.73%	2.19	0.57	23.11%	80.93%
MFIN	176.2M	185.1M	-1.43%	-15.13%	3.31	0.95	21.52%	23.68%
CURO	62.7M	1.0B	-58.56%	-87.69%	-2.24	0.06	29.84%	-130.18%
ELVT	58.4M	112.9M	3.31%	-43.33%	-0.86	0.52	-70.13%	-1140.00%

Financials for American Express

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	3.3%	42,967	41,586	39,542	36,932	34,630
EBITDA	1.0%	21,106	20,892	20,328	20,198	-
EBITDA Margin	-2.2%	0.49*	0.50*	0.51*	0.55*	-
Earnings Before Taxes	-4.3%	9,585	10,020	10,011	10,408	10,689
EBT Margin	-7.4%	0.22*	0.24*	0.25*	0.28*	-
Interest Expenses	7.0%	9,895	9,245	8,661	8,119	7,750
Net Income	-1.9%	7,514	7,661	7,608	7,924	8,060
Net Income Margin	-5.1%	0.17*	0.18*	0.19*	0.21*	-
Free Cahsflow	21.3%	19,224	15,842	15,479	14,567	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	6.1%	228,000	214,915	205,000	195,862	189,000
Cash Equivalents	8.8%	33,914	31,182	26,277	27,678	22,028
Net PPE	2.4%	5,215	5,095	5,093	5,046	4,988
Liabilities	6.6%	203,643	190,975	182,063	173,479	166,371
. Short Term Borrowings	-11.0%	1,348	1,515	1,984	2,122	2,243
Long Term Debt	0.4%	42,573	42,393	40,495	38,337	38,675
Shareholder's Equity	3.2%	24,711	23,940	23,235	22,383	22,177
Retained Earnings	3.8%	16,279	15,685	14,751	13,754	13,474
Additional Paid-In Capital	0.1%	11,493	11,482	11,476	11,451	11,495
Accumulated Depreciation	3.5%	9,850	9,519	9,191	8,907	8,602
Shares Outstanding	-0.5%	743	747	751	755	761

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	19.4%	21,079	17,655	17,319	16,245	14,645
Share Based Compensation	5.3%	375	356	345	354	330
Cashflow From Investing	1.6%	-33,689	-34,237	-27,930	-18,080	-10,529
Cashflow From Financing	27.0%	24,509	19,298	5,701	-10,861	-14,933
Dividend Payments	3.1%	1,565	1,518	1,477	1,430	1,448
Buy Backs	-40.0%	3,502	5,833	8,516	8,709	7,652

Risks for AXP

What is the probability of a big loss on AXP?

37.7%

Probability that American Express stock will be more than 20% underwater in next one year

26.9%

Probability that American Express stock will be more than 30% underwater in next one year.

18.5%

Probability that American Express stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does AXP drawdown profile look like?

Y-axis is the maximum loss one would have experienced if American Express was unfortunately bought at previous high price.

Drawdowns

Returns for AXP

Cumulative Returns on AXP

10.6%

10-Year Cumulative Returns

16.6%

7-Year Cumulative Returns

13.6%

5-Year Cumulative Returns

25.5%

3-Year Cumulative Returns

What are the long-term rolling returns for AXP?

FIve years rolling returns for American Express.

Annualized Returns

Which funds bought or sold AXP recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-15	B. Riley Wealth Advisors, Inc.	added	4.91	518,262	4,009,260	0.11%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	5.86	10,937,300	79,582,300	0.09%
2023-03-10	MATHER GROUP, LLC.	reduced	-4.73	69,740	1,685,740	0.03%
2023-03-08	Capital Asset Advisory Services LLC	reduced	-1.44	17,696	232,696	0.02%
2023-03-06	Rockefeller Capital Management L.P.	added	137	47,616,000	77,375,000	0.39%
2023-03-06	BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL	added	0.8	369,069	3,919,070	1.49%
2023-03-03	TIAA, FSB	reduced	-3.66	290,060	5,558,060	0.02%
2023-03-02	LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA	new	-	923,587	923,587	0.01%
2023-03-02	OLIVER LAGORE VANVALIN INVESTMENT GROUP	added	106	7,741	13,741	0.01%
2023-03-01	Lakewood Asset Management LLC	new	-	37,000	37,000	0.03%

Latest Funds Activity

Are funds buying AXP calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own AXP

No. of Funds

AXP Alerts

6 major insider sales recently.

American Express News

Schedule 13G FIlings of American Express

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	6.33%	47,283,954	SC 13G/A
Feb 06, 2023	blackrock inc.	6.1%	45,475,040	SC 13G/A
Feb 09, 2022	vanguard group inc	6.02%	46,602,078	SC 13G/A
Feb 07, 2022	blackrock inc.	5.9%	45,902,704	SC 13G/A
Feb 04, 2022	wellington management group llp	3.68%	28,542,129	SC 13G/A
Feb 10, 2021	vanguard group inc	5.84%	46,991,849	SC 13G/A
Feb 04, 2021	wellington management group llp	5.17%	41,650,506	SC 13G
Jan 29, 2021	blackrock inc.	5.8%	46,448,671	SC 13G/A
Feb 12, 2020	vanguard group inc	6.04%	49,438,168	SC 13G/A
Feb 05, 2020	blackrock inc.	5.3%	42,967,159	SC 13G/A

AXP Fair Value

American Express fair value in different scenarios

The table shows the Fair Value estimates for American Express for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	114.20 -28.53%	170.29 6.58%	233.06 45.86%	294.38 84.24%	343.76 115.15%
Current Inflation	105.13 -34.20%	153.49 -3.94%	206.27 29.10%	257.42 61.11%	298.46 86.79%
Very High Inflation	93.83 -41.28%	133.18 -16.65%	174.64 9.30%	214.47 34.23%	246.28 54.14%

Historical American Express Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of American Express

View All Filings

Date Filed	Form Type	Document
Mar 17, 2023	ARS	ARS
Mar 17, 2023	DEF 14A	DEF 14A
Mar 17, 2023	DEFA14A	DEFA14A
Mar 15, 2023	8-K	Current Report
Mar 10, 2023	4	Insider Trading
Mar 08, 2023	8-K	Current Report
Mar 06, 2023	4	Insider Trading
Mar 06, 2023	4	Insider Trading
Feb 21, 2023	4	Insider Trading
Feb 16, 2023	4	Insider Trading

Latest Insider Trading transactions for AXP

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-08	Grosfield Howard	sold	-952,187	174	-5,456	president, u.s. consumer serv
2023-03-03	Buckminster Douglas E.	gifted	-	-	-1,500	vice chairman
2023-03-02	Herena Monique	sold	-2,635,280	173	-15,217	chief colleague experience off
2023-02-17	Lieberman Quinn Jessica	sold	-994,664	175	-5,656	evp - controller
2023-02-17	Lieberman Quinn Jessica	acquired	196,290	65.43	3,000	evp - controller
2023-02-14	Pickett Denise	sold	-5,186,220	180	-28,688	pres., gsg and tls
2023-02-14	Pickett Denise	acquired	1,684,820	100	16,688	pres., gsg and tls
2023-02-14	Marrs Anna	sold	-7,837,010	179	-43,661	group pres., gcs and cfr
2023-02-14	Marrs Anna	acquired	4,078,260	131	30,971	group pres., gcs and cfr
2023-02-14	Joabar Raymond	sold	-1,369,980	180	-7,600	grp. pres., gmns

About American Express

Stephen J. Squeri

www.americanexpress.com

64000

American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide. The company operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Its products and services include payment and financing products; network services; accounts payable expense management products and services; and travel and lifestyle services. The company's products and services also comprise merchant acquisition and processing, servicing and settlement, point-of-sale marketing, and information products and services for merchants; and fraud prevention services, as well as the design and operation of customer loyalty programs. It sells its products and services to consumers, small businesses, mid-sized companies, and large corporations through mobile and online applications, third-party vendors and business partners, direct mail, telephone, in-house sales teams, and direct response advertising. American Express Company was founded in 1850 and is headquartered in New York, New York.

AXP Income Statement

2022-09-30

Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions

3 Months Ended

9 Months Ended

Sep. 30, 2022

Sep. 30, 2021

Sep. 30, 2022

Sep. 30, 2021

Non-interest revenues

Non-interest revenues

$ 10,978

$ 8,934

$ 31,549

$ 24,593

Interest income

Interest on loans

3,164

2,256

8,344

6,494

Interest and dividends on investment securities

Deposits with banks and other

183

287

Total interest income

3,374

2,301

8,693

6,633

Interest expense

Deposits

440

109

749

356

Long-term debt and other

356

198

807

635

Total interest expense

796

307

1,556

991

Net interest income

2,578

1,994

7,137

5,642

Total revenues net of interest expense

13,556

10,928

38,686

30,235

Provisions for credit losses

Total provisions for credit losses

778

(191)

1,155

(1,472)

Total revenues net of interest expense after provisions for credit losses

12,778

11,119

37,531

31,707

Expenses

Card Member rewards

3,571

3,020

10,273

7,975

Business development

1,194

943

3,641

2,634

Card Member services

774

579

2,078

1,328

Marketing

1,458

1,412

4,184

3,706

Salaries and employee benefits

1,748

1,497

5,218

4,586

Other, net

1,574

1,218

4,423

3,095

Total expenses

10,319

8,669

29,817

23,324

Pretax income

2,459

2,450

7,714

8,383

Income tax provision

580

624

1,772

2,042

Net income

$ 1,879

$ 1,826

$ 5,942

$ 6,341

Earnings per Common Share

Basic (in dollars per share)

$ 2.47

^[1]

$ 2.27

^[1]

$ 7.78

^[2]

$ 7.84

^[2]

Diluted (in dollars per share)

$ 2.47

^[1]

$ 2.27

^[1]

$ 7.77

^[2]

$ 7.82

^[2]

Average common shares outstanding for earnings per common share:

Basic (in shares)

748

786

752

796

Diluted (in shares)

749

787

753

797

Card Member Receivables

Provisions for credit losses

Total provisions for credit losses

$ 165

$ (12)

$ 383

$ (147)

Card Member Loans

Provisions for credit losses

Total provisions for credit losses

596

(177)

757

(1,146)

Other

Provisions for credit losses

Total provisions for credit losses

(2)

(179)

Discount revenue

Non-interest revenues

Non-interest revenues

7,848

6,369

22,556

17,414

Net card fees

Non-interest revenues

Non-interest revenues

1,541

1,312

4,445

3,851

Service fees and other revenue

Non-interest revenues

Non-interest revenues

1,169

839

3,340

2,182

Processed revenue

Non-interest revenues

Non-interest revenues

$ 420

$ 414

$ 1,208

$ 1,146

[1]

Represents net income less (i) earnings allocated to participating share awards of $14 million for both the three months ended September 30, 2022 and 2021, (ii) dividends on preferred shares of $14 million and $20 million for the three months ended September 30, 2022 and 2021, respectively, and (iii) an equity-related adjustment of $9 million related to the redemption of preferred shares for the three months ended September 30, 2021.

[2]

Represents net income less (i) earnings allocated to participating share awards of $45 million for both the nine months ended September 30, 2022 and 2021, (ii) dividends on preferred shares of $43 million and $49 million for the nine months ended September 30, 2022 and 2021, respectively, and (iii) an equity-related adjustment of $9 million related to the redemption of preferred shares for the nine months ended September 30, 2021.

AXP Balance Sheet

2022-09-30

Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Cash and cash equivalents
Cash and due from banks (includes restricted cash of consolidated variable interest entities: 2022, $4; 2021, $11)	$ 3,012	$ 1,292
Interest-bearing deposits in other banks (includes securities purchased under resale agreements: 2022, $293; 2021, $463)	27,167	20,548
Short-term investment securities (includes restricted investments of consolidated variable interest entities: 2022, $903; 2021, $32)	1,003	188
Total cash and cash equivalents	31,182	22,028
Investment securities	4,539	2,591
Premises and equipment, less accumulated depreciation and amortization: 2022, $9,519; 2021, $8,602	5,095	4,988
Other assets, less reserves for credit losses: 2022, $22; 2021, $25	18,467	17,244
Total assets	214,915	188,548
Liabilities
Customer deposits	103,463	84,382
Accounts payable	11,021	10,574
Short-term borrowings	1,515	2,243
Long-term debt (includes debt issued by consolidated variable interest entities: 2022, $12,444; 2021, $13,803)	42,393	38,675
Other liabilities	32,583	30,497
Total liabilities	190,975	166,371
Contingencies (Note 7)
Shareholders’ Equity
Preferred shares, $1.662/3 par value, authorized 20 million shares; issued and outstanding 1,600 shares as of September 30, 2022 and December 31, 2021	0	0
Common shares, $0.20 par value, authorized 3.6 billion shares; issued and outstanding 747 million shares as of September 30, 2022 and 761 million shares as of December 31, 2021	150	153
Additional paid-in capital	11,482	11,495
Retained earnings	15,685	13,474
Accumulated other comprehensive income (loss)	(3,377)	(2,945)
Total shareholders’ equity	23,940	22,177
Total liabilities and shareholders’ equity	214,915	188,548
Card Member Receivables
Cash and cash equivalents
Financing receivables, net	55,116	53,581
Card Member Loans
Cash and cash equivalents
Financing receivables, net	95,719	85,257
Other Loans
Cash and cash equivalents
Financing receivables, net	$ 4,797	$ 2,859