AMEX posts first quarterly loss in 26 yrs
Jan 18, 2018, 3:21 pm
#1
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AMEX posts first quarterly loss in 26 yrs
https://www.reuters.com/article/us-a...-idUSKBN1F7329
Mainly due to tax law change, but might be interesting to see if it has effect on their operations also.
Mainly due to tax law change, but might be interesting to see if it has effect on their operations also.
Jan 18, 2018, 4:12 pm
#2
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Operational results were actually better than expected:
Excluding the charge, AmEx earned $1.58 per share, beating analysts’ estimates of $1.54 per share, according to Thomson Reuters I/B/E/S.
Total revenue, net of interest expense, rose to $8.84 billion from $8.02 billion last year as the company’s customers spent more in the holiday season in the United States, its core market.
That also topped analysts’ estimate of $8.72 billion.
Total revenue, net of interest expense, rose to $8.84 billion from $8.02 billion last year as the company’s customers spent more in the holiday season in the United States, its core market.
That also topped analysts’ estimate of $8.72 billion.
Jan 19, 2018, 12:36 pm
#3
Join Date: May 2002
Location: Arizona
Posts: 5,689
Amex is out of touch with their best customers. Just had dinner with individual who holds USA and UK Black Centurion cards. He threw down a Chase bank card at dinner last week. He is pissed at Amex just like me. Both of us laughed about getting a stupid $500 gift card to a overpriced wine merchant. Way to go Amex!. Chase is going to eat you up and the scraps are going to Citibank.
Jan 21, 2018, 1:54 am
#4
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Amex is out of touch with their best customers. Just had dinner with individual who holds USA and UK Black Centurion cards. He threw down a Chase bank card at dinner last week. He is pissed at Amex just like me. Both of us laughed about getting a stupid $500 gift card to a overpriced wine merchant. Way to go Amex!. Chase is going to eat you up and the scraps are going to Citibank.
Jan 21, 2018, 4:50 am
#5
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Jan 21, 2018, 5:12 am
#6
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Jan 21, 2018, 10:14 am
#7
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Amex is out of touch with their best customers. Just had dinner with individual who holds USA and UK Black Centurion cards. He threw down a Chase bank card at dinner last week. He is pissed at Amex just like me. Both of us laughed about getting a stupid $500 gift card to a overpriced wine merchant. Way to go Amex!. Chase is going to eat you up and the scraps are going to Citibank.
Jan 21, 2018, 10:19 am
#8
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Jan 21, 2018, 3:54 pm
#10
Join Date: Aug 2017
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Because AMEX is no longer a credit card company, they are a membership. People will pay $2500 a year for a card that they rarely swipe. I wanted to sign up to the Platinum Card. The Sapphire Reserve has it beat.