American Express: beats consensus in Q4
(CercleFinance.com) - American Express has announced a Q4 2017 net loss of 1.
41 dollar per share, as a result of the tax reform, without EPS would have reached 1.58 dollar, i.e. four cents above the consensus.
Aurel BGC said that the group will suspend its share buybacks for six months because of the US tax reform, underlining that it is seeing its balance sheet and solvency ratios deteriorate, and will have to improve its equity capital.
With FY 2017 EPS (adjusted for the tax reform) of 5.87 dollars, in line with its latest target range of 5.80 dollars to 5.90 dollars, American Express has said that it targets FY 2018 between 6.90 dollars and 7.30 dollars.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
41 dollar per share, as a result of the tax reform, without EPS would have reached 1.58 dollar, i.e. four cents above the consensus.
Aurel BGC said that the group will suspend its share buybacks for six months because of the US tax reform, underlining that it is seeing its balance sheet and solvency ratios deteriorate, and will have to improve its equity capital.
With FY 2017 EPS (adjusted for the tax reform) of 5.87 dollars, in line with its latest target range of 5.80 dollars to 5.90 dollars, American Express has said that it targets FY 2018 between 6.90 dollars and 7.30 dollars.
Copyright (c) 2018 CercleFinance.com. All rights reserved.