Insights on cardholders’ spending and Delta partnership
- American Express expected to report higher sales and earnings for 3Q
- Earnings estimated at $2.17 billion, up from $1.85 billion in the same quarter last year
- Revenue expected to be $15.36 billion, up from $13.56 billion a year earlier
- Travel spending and Delta partnership are key factors to watch
Factuality Level: 8
Justification: The article provides specific information about American Express’ expected earnings and revenue for the third quarter, citing analysts surveyed by FactSet. It also mentions the importance of travel spending and the Delta partnership to American Express, which are relevant factors to consider. However, the article lacks in-depth analysis and context, and it does not provide a balanced perspective by including any potential challenges or risks that American Express may face.
Noise Level: 3
Justification: The article provides relevant information about American Express’ expected earnings and revenue for the third quarter. It also highlights the importance of travel spending and the Delta partnership. However, it lacks in-depth analysis, scientific rigor, and actionable insights.
Financial Relevance: Yes
Financial Markets Impacted: American Express
Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article discusses American Express’s expected higher sales and earnings for the third quarter, providing insights into cardholders’ spending habits. There is no mention of any extreme events or their impact.
Public Companies: American Express (AMEX), Delta Air Lines (DAL)
Private Companies:
Key People: Will Feuer (Author)
American Express is expected to report higher sales and earnings for the third quarter. Analysts estimate earnings of $2.17 billion, up from $1.85 billion in the same quarter last year. Revenue is expected to be $15.36 billion, up from $13.56 billion a year earlier. Key factors to watch include travel spending, which has been driving overall spending volume, and the Delta partnership. American Express will provide insights on cardholders’ appetite for travel and weigh in on the changes in Delta’s loyalty program.
