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American Express in 1H17: What Investors Need to Know

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Part 10
American Express in 1H17: What Investors Need to Know PART 10 OF 10

Analyzing American Express’s Asset Balances

Rise in total assets

American Express (AXP) had total asset balances of $158.9 billion on December 31, 2016, and $167.0 billion on June 30, 2017. Its investment securities and total cash and cash equivalents were the major contributors to the increase in its total asset balances. On December 31, 2016, the company had investment securities of $3.2 billion, and on June 30, 2017, this figure stood at $3.4 billion.

Analyzing American Express&#8217;s Asset Balances

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However, American Express had total cash and cash equivalents of $25.2 billion on December 31, 2016, and $30.4 billion on June 30, 2017, of which $26.4 billion was interest-bearing deposits and $1.4 billion was short-term investment securities. The remaining $2.7 billion represented cash on hand and cash due from banks.

On December 31, 2016, and June 30, 2017, American Express had card member loan balances of $64.0 billion and $64.7 billion, respectively, and other loan balances of $1.4 billion and $1.9 billion. It had investment securities of $3.2 billion on December 31, 2016, and $3.4 billion on June 30, 2017.

Return on invested capital

American Express’s return on invested capital stood at 1.4% on June 30, 2017. Other consumer financial companies’ (XLF) returns on invested capital that day were as follows:

  • PayPal Holdings (PYPL): 2.5%
  • Total System Services (TSS): 1.9%
  • Global Payments (GPN): 0.9%
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