American Express Co
AXP: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|V? | LOCK|sy | LOCK|@@B@S!Y |
American Express Earnings: Broad Strength in Fees Drives Double-Digit Earnings Growth
American Express reported strong second-quarter results. Revenue increased 9% from last year to $17.9 billion, and diluted earnings per share rose an impressive 17%, when adjusted for last year's sale of Accertify, to $4.08. These results translated to a strong return on average equity of 36.3%.
