Vladimír Urbánek (Kurzy.cz)
World markets  |  October 18, 2012 13:55:15

Results American Express 3Q filled with market expectations, the activity of clients grew


American and world market leader in credit cards American American Express (AmEx) announced that in Q3 of this year showed annual growth in net profit by 1.2% to 1.25 mld.USD = $ 1.09 per share, which fulfilled the expectations of the market .
The company recorded a yoy growth in client spending by 6%, which is lower than in previous quarters this year. Total shoppers pay for goods and services 220.1 mld.USD. The average client spent in 3Q 3 885 USD, which represents an annual growth of 3.9%. Loans to credit cards rose by 6% to 61.8 mld.USD.

Total revenue increased by 3.8% to 7.86 mld.USD, which just fell short of market expectations set at 7.86 mld.USD.

AmEx 3Q 479 mill.USD set aside to cover losses from bad loans, which represents an annual growth 92procentní. Total costs decreased in Q3 by 2% to 5.5 mld.USD.

Revenues U.S. credit card division fell by 4.6% to 699 mill.USD, international division revenue declined by 26% to 164 mill.USD.

Note - The results of the "card" of the company are always very closely monitored because they are considered as one of the best indicators of the real state of the economy on a global and local scale.
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Výsledky American Express ve 3Q naplnily očekávání trhu, aktivita klientů rostla

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