Earnings Preview: American Express (AXP)

American Express Company AXP is set to report earnings tonight after the bell. Wall Street analysts are looking for earnings of 93 cents per share, up 20 cents per share from last year. Revenue is expected to rise to $6.98 billion for this quarter, up from $6.61 billion last year. At last check, shares of Texas Instruments were up 49 cents to $47.13, a gain of 1.05%. The stock is trading at 14 times 2011 earnings, and has a 1.36 price to earnings growth (PEG) ratio. It also sports a 1.4% dividend yield. The $56 billion market company is known for its financial services products, including its prestigious credit cards. If American Express reports better than expected earnings, names like Capital Once COF, Discover Financial Services DFS could see a boost, given these companies compete with American Express. American Express Company provides charge and credit payment card products, and travel-related services worldwide. It offers a range of products and services, including charge and credit card products; expense management products and services and other products around the world.