How Does American Express Negatively Affected By A Strong Dollar Value?

168 Words1 Page

Over the past years, American Express has kept its revenues level between $25.7-$25.8 Billion. In spite of a flat revenue, the company was able to increase its net income to $5.9 Billion from $5.4 Billion by reducing the percentage of sales, administrative and general costs from 37.12% to 35.88%. This was a key element in the growth of the bottom line, in spite of flat revenues. The level of liability in the capital capital structure that American Express practices is on par with industry patterns. Additionally, there are plenty liquid assets to gratify present obligations. As with all other aspects of the financial world, the company’s results of 2014 were negatively impacted by a strong dollar value, and this has led to adverse impacts

Open Document