American Express Reports Q4 Earnings Beat


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


American Express (NYSE:AXP) reported fourth-quarter earnings of $2.03 per share on Friday, which beat the analyst consensus estimate of $2.01. This is a 16.67% increase over earnings of $1.74 per share from the same period last year.

The company reported quarterly sales of $11.365 billion, which beat the analyst consensus estimate of $11.36 billion by 0.04%. This is a 8.51% increase over sales of $10.474 billion the same period last year.

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American Express shares were trading up 2% at $134.18 in Friday’s pre-market session. The stock has a 52-week high of $132.27 and a 52-week low of $98.46.

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27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


Posted In: EarningsNews