American Express: raises its FY EPS target range.
(CercleFinance.com) - After a better-than-expected Q3, on Wednesday evening American Express raised its 2017 EPS target range to between 5.
80 dollars and 5.90 dollars, compared to a previous target range of 5.60 dollars to 5.80 dollars.
The multinational financial services group posted a 19% increase in net income to nearly 1.4 billion dollars over the quarter, meaning EPS of 1.50 dollar, while the consensus was expecting two cents less.
Revenues rose by 9% to just over 8.4 billion dollars, also slightly beating the consensus, boosted by higher net interest income and higher spending by cardholders.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
80 dollars and 5.90 dollars, compared to a previous target range of 5.60 dollars to 5.80 dollars.
The multinational financial services group posted a 19% increase in net income to nearly 1.4 billion dollars over the quarter, meaning EPS of 1.50 dollar, while the consensus was expecting two cents less.
Revenues rose by 9% to just over 8.4 billion dollars, also slightly beating the consensus, boosted by higher net interest income and higher spending by cardholders.
Copyright (c) 2017 CercleFinance.com. All rights reserved.