American Express’s International Consumer and Network Services
American Express’s (AXP) international consumer and network services division saw a marginal rise in its income between 1H16 and 1H17, from $416 million to $427 million, reflecting a marginal 3% rise.
Interested in MA? Don't miss the next report.
Receive e-mail alerts for new research on MA
The higher income was mainly due to a rise in the division’s net interest income, from $349 million to $368 million, representing a 5% rise. This rise was mainly due to higher average loan balances.
The division incurred total expenses of $2.05 billion in 1H16 and $2.09 billion in 1H17, reflecting a 2% rise. This rise was mainly due to higher marketing, rewards, and promotion expenses. These expenses amounted to $1.0 billion in 1H17 and $981 million in 1H16, rising mainly because of higher card member reward expenses.
American Express’s net margin stood at 15.8% on June 30, 2017. Other insurance giants’ (XLF) margins were as follows: