Text size: Small font Default font Larger font

Have an account? Please log in.

.
TSI Network
Patrick McKeough is one of Canada’s top safe-money advisors. The Wall Street Journal, Forbes and The Hulbert Financial Digest have all recognized his ability to find stocks with hidden value. He is editor and publisher of The Successful Investor, Stock Pickers Digest, Wall Street Stock Forecaster and Canadian Wealth Advisor; inventor of the Quick Profit/Value System and the ValuVesting System™. A best-selling Canadian author, he wrote Riding the Bull, the book that predicted the 1990s stock-market boom.

TSI Network Topics

Send me email alerts

Send me email alerts

…but high-quality clientele helps Amex

October 28, 2011 -  Be the first to comment
Posted by: Pat McKeough Filed in: Conservative Investing
  • Comments
  •  
  •  
.

AMERICAN EXPRESS CO. $51 (New York symbol AXP, Conservative Growth Portfolio, Finance sector; Shares outstanding: 1.2 billion; Market cap: $61.2 billion; Price-to-sales ratio: 1.9; Dividend yield: 1.4%; TSINetwork Rating: Average; www.americanexpress.com) earned $1.2 billion, or $1.03 a share, in the three months ended September 30, 2011, up 13.0% from $1.1 billion, or $0.90 a share, a year earlier. Loan-loss provisions fell 33.2%, to $249 million from $373 million. Amex’s cardholders have above-average credit scores and incomes, so they are less likely to fall behind on their payments.

Revenue in the quarter rose 8.6%, to $7.6 billion from $7.0 billion, as cardholders increased their spending by 16%.

American Express is still a hold.

.

Permalink: http://www.tsinetwork.ca/?p=49970

Tags: ,

Stock Market: New York
Ticker:
Suitable for: Conservative Investing, Registered Retirement Savings Plan (RRSP) investing, Tax-Free Savings Account

Related

  • Comments
  •  
  •  
.

Would you like us to inform you when new articles are posted?

What do you think? Go ahead and add your comment.

Please be respectful with your comments and help us keep this an area that everyone can enjoy. If you believe a comment is abusive or otherwise violates our Terms of Use, please click here to report it to the administrator.

.

Free Subscription to
The Successful Investor Network Daily

  • Daily investment advice you can act on
  • Free access to our special stock market reports
  • Plus much, much more! Try it today

Free Reports

Twitter Facebook
Follow TSI Network on Twitter and Facebook!

TSI Network Products

In today's economy, it's more important than ever to have clear investment advice that is tailored to your own personal goals. This is where Pat McKeough's conservative safe-investing philosophy comes in. Through TSI Network, you get access to reports, monthly newsletters and premium services that go beyond the daily headlines to give you all the advice and information you need to build a portfolio with long-term growth potential. Simply click on the links below to discover which service is right for you.

.
.