American Express (AXP) Q1 08

Overall --Earning 991 mil, -6% --Revenue 7.2 bil, 11% up --driver: interntional market Segments: Card Services (3.7 bil 50% share) --earning 523 mil, -19%, revenue up 11% to 3.7 bil --provision 881 mil, up 52% Internatonal Card (20%) --earning: 133 mil, up 30%, revenue up 22% to 1.2 bil --provision 229, up 24% Credit quality --provision match writeoff closely, not dramatic change comments: --overall credit quality is fine