American Express (AXP) announced 12% y-o-y gain in profits for fourth-quarter as consumers sustained to spend bigger amounts on their AmEx cards even in the midst of economic ambiguity. For the quarter, the company announced net income of $1.2 billion against $1.1 billion previous year as overall revenue advanced by 7% to $7.74 billion.

An increase in card spending by customers, elevated travel commissions and development initiatives taken by the company, like new prepaid cards, new card issuing partnerships worldwide and other associations in the digital commerce space have helped the company’s excellent quarterly performance.

AXP generated revenue of 32.28 billion in the following twelve months and earned $4.84 billion. The Company showed a positive 15.18% in the net profit margin and as well as in its operating margin which remained 21.55%. Company’s annual sales growth for the past five year was 3.11%.

The AXP past twelve months price to sales ratio was 1.79 and price to cash ratio remained 2.32. As far as the returns are concern, the AXP return on equity was recorded as 27.48% and increased 3.46% return on investment while its return on asset stayed at 3.27%.

The stock showed weekly downbeat performance of -0.38% which was maintained for the month at 4.99%. Likewise the positive performance for the quarter was recorded as -0.82% and for the year was 13.66% while the YTD performance remained at 6.09%.

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