American Express quarterly profit plunges 76 per cent on $1.7-billion reserve build [Toronto Globe and Mail (Ontario, Canada)]
American Express Company (AXP)
Last american express company earnings: 4/24 07:00 am
Check Earnings Report
US:NYSE Investor Relations:
ir.americanexpress.com
Company Research
Source: Toronto Globe and Mail
American Express quarterly profit plunges 76 per cent on $1.7-billion reserve build American Express released quarterly results Friday. Lucy Nicholson/Reuters American Express released quarterly results Friday. Credit card issuer American Express Co posted a 76 per cent drop in quarterly profit on Friday, as it set aside $1.7 billion to brace itself against potential non-payments due to a wave of coronavirus-led layoffs. The pandemic has hammered the global economy, hurting consumers’ ability to make payments on their credit cards. The lockdowns around the world are also hitting transaction volume as people stay at home. “In light of the current environment, we are aggressively reducing costs across the enterprise,” said Chief Executive Officer Stephen Squeri, adding that the deterioration in the economy due to the virus accelerated in April and has dramatically impacted its volumes. However, shares of the company were up nearly 2 per cent, as it kept a tight lid on costs to weathe
Show less
Read more
Impact Snapshot
Event Time:
AXP
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
AXP alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
AXP alerts
High impacting American Express Company news events
Weekly update
A roundup of the hottest topics
AXP
News
- American Express Stock's Slide Worsens as Shares Hit $300. Time to Buy? [Yahoo! Finance]Yahoo! Finance
- Robinhood's new $695 Platinum card vs. $895 Amex Platinum: Which one has better perks? [Yahoo! Finance]Yahoo! Finance
- Why American Express Stock Slipped 12% In March [Yahoo! Finance]Yahoo! Finance
- Taking A Fresh Look At American Express (AXP) Valuation After Dividend Hike And New Sports Partnerships [Yahoo! Finance]Yahoo! Finance
- AXP's Big Game Plan: Turning Stadium Cheers Into Card Swipes [Yahoo! Finance]Yahoo! Finance
AXP
Earnings
- 2/2/26 - Miss
AXP
Sec Filings
- 3/6/26 - Form 144
- 3/2/26 - Form 8-K
- 2/25/26 - Form 8-K
- AXP's page on the SEC website