American Income Statement Research
AXP Stock | USD 227.69 0.06 0.03% |
American |
Most accounts from American Express' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into American Express current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out American Express Valuation and American Express Correlation analysis. To learn how to invest in American Stock, please use our How to Invest in American Express guide.At this time, American Express' Interest Expense is relatively stable compared to the past year. As of 03/29/2024, Net Income is likely to grow to about 8.8 B, while EBIT is likely to drop slightly above 7.3 B.
2021 | 2022 | 2023 | 2024 (projected) | EBIT | 10.7B | 12.3B | 10.5B | 7.3B | Operating Income | 10.7B | 12.3B | 10.5B | 6.7B |
American Express income statement Correlations
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American Express Account Relationship Matchups
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American Express income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Interest Expense | 3.5B | 2.1B | 1.3B | 2.8B | 6.8B | 7.2B | |
Operating Income | 8.4B | 4.3B | 10.7B | 12.3B | 10.5B | 6.7B | |
Ebit | 8.4B | 4.3B | 10.7B | 12.3B | 10.5B | 7.3B | |
Ebitda | 9.6B | 5.8B | 12.4B | 14.0B | 12.2B | 8.1B | |
Net Income | 6.8B | 3.1B | 8.1B | 7.5B | 8.4B | 8.8B | |
Income Tax Expense | 1.7B | 1.2B | 2.6B | 2.1B | 2.1B | 1.3B | |
Total Revenue | 43.6B | 36.1B | 42.4B | 52.9B | 60.4B | 63.4B | |
Gross Profit | 28.1B | 24.3B | 27.2B | 32.7B | 34.5B | 27.3B | |
Income Before Tax | 8.4B | 4.3B | 10.7B | 9.6B | 10.5B | 5.4B | |
Cost Of Revenue | 15.4B | 11.8B | 15.2B | 20.1B | 25.9B | 16.0B | |
Tax Provision | 1.7B | 1.2B | 2.6B | 2.1B | 2.1B | 1.9B | |
Net Interest Income | 8.6B | 8.0B | 7.8B | 9.9B | 13.1B | 9.2B | |
Interest Income | 12.1B | 10.1B | 9.0B | 12.7B | 20.0B | 12.4B |
Pair Trading with American Express
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if American Express position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in American Express will appreciate offsetting losses from the drop in the long position's value.Moving together with American Stock
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Moving against American Stock
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The ability to find closely correlated positions to American Express could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace American Express when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back American Express - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling American Express to buy it.
The correlation of American Express is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as American Express moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American Express moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for American Express can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out American Express Valuation and American Express Correlation analysis. To learn how to invest in American Stock, please use our How to Invest in American Express guide.You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
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When running American Express' price analysis, check to measure American Express' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy American Express is operating at the current time. Most of American Express' value examination focuses on studying past and present price action to predict the probability of American Express' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move American Express' price. Additionally, you may evaluate how the addition of American Express to your portfolios can decrease your overall portfolio volatility.
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Is American Express' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of American Express. If investors know American will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about American Express listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.263 | Dividend Share 2.4 | Earnings Share 11.21 | Revenue Per Share 75.635 | Quarterly Revenue Growth 0.092 |
The market value of American Express is measured differently than its book value, which is the value of American that is recorded on the company's balance sheet. Investors also form their own opinion of American Express' value that differs from its market value or its book value, called intrinsic value, which is American Express' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because American Express' market value can be influenced by many factors that don't directly affect American Express' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between American Express' value and its price as these two are different measures arrived at by different means. Investors typically determine if American Express is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, American Express' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.