What American Express Company's Earnings Mean for Mutual Fund Investors (AXP)

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What American Express Company's Earnings Mean for Mutual Fund Investors (AXP)

American Express logo
After Wednesday’s closing bell, American Express Company (AXP) released its fourth quarter financial results. Here’s what the news means for mutual fund investors.

Inside AXP’s Results

Earnings

The company reported net income of $1.44 billion, or $1.39 per share, up from $1.3 billion, or $1.21 per share, a year ago. Analysts expected to see earnings of $1.38 per share.

Revenue
Revenue rose 7% to $9.11 billion from $8.55 billion in the year prior. Analysts expected to see revenue of $8.53 billion.

Job Cuts
The company reported that it will cut 4,000 jobs, or 6% of its workforce as it restructures the company. AXP noted that it may also be creating new jobs to boost efficiency.

AXP Shares in Limbo

Overall, AXP’s most recent financial report from the holiday season was not enough to impress Wall Street. The company’s increase in EPS was helped by the sale of its stake in Concur Technologies.

While its valuation is not overly expensive at just 14x 2015 earnings estimates, investors and fund managers may take a “wait and see” approach with shares.

Mutual Funds to Watch

Investors interested in AXP may be interested in the funds listed below. These funds currently have the largest stakes in the company.

The Bottom Line

The funds listed above allow investors to gain exposure to AXP while remaining diversified. Investors interested in IBM may also be interested in Visa (V) or Mastercard (MA).

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Find out why $30 trillon is invested in mutual funds.

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American Express logo

What American Express Company's Earnings Mean for Mutual Fund Investors (AXP)

After Wednesday’s closing bell, American Express Company (AXP) released its fourth quarter financial results. Here’s what the news means for mutual fund investors.

Inside AXP’s Results

Earnings

The company reported net income of $1.44 billion, or $1.39 per share, up from $1.3 billion, or $1.21 per share, a year ago. Analysts expected to see earnings of $1.38 per share.

Revenue
Revenue rose 7% to $9.11 billion from $8.55 billion in the year prior. Analysts expected to see revenue of $8.53 billion.

Job Cuts
The company reported that it will cut 4,000 jobs, or 6% of its workforce as it restructures the company. AXP noted that it may also be creating new jobs to boost efficiency.

AXP Shares in Limbo

Overall, AXP’s most recent financial report from the holiday season was not enough to impress Wall Street. The company’s increase in EPS was helped by the sale of its stake in Concur Technologies.

While its valuation is not overly expensive at just 14x 2015 earnings estimates, investors and fund managers may take a “wait and see” approach with shares.

Mutual Funds to Watch

Investors interested in AXP may be interested in the funds listed below. These funds currently have the largest stakes in the company.

The Bottom Line

The funds listed above allow investors to gain exposure to AXP while remaining diversified. Investors interested in IBM may also be interested in Visa (V) or Mastercard (MA).

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.


Read Next