American Express: Jefferies confirms rating
(CercleFinance.com) - American Express has reported Q4 2019 net profit that is down 16% at 1.
69 billion dollars - however, adjusted EPS is up 17% at 2.03 dollars, a cent above the consensus.
Following this publication, Jefferies confirms its "Hold" rating on the share, along with its target price of 130 dollars.
Q4 EPS exceeded Jefferies' forecast range of between 1.97 dollar to 2.01 dollars. The group benefited mainly from a lower tax rate and a reduction in provisions.
Business increased slightly over the period, while there was a slowdown in consumption growth in the US and the rest of the world.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
69 billion dollars - however, adjusted EPS is up 17% at 2.03 dollars, a cent above the consensus.
Following this publication, Jefferies confirms its "Hold" rating on the share, along with its target price of 130 dollars.
Q4 EPS exceeded Jefferies' forecast range of between 1.97 dollar to 2.01 dollars. The group benefited mainly from a lower tax rate and a reduction in provisions.
Business increased slightly over the period, while there was a slowdown in consumption growth in the US and the rest of the world.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.