Magazine

Table: AmEx at a Glance


TRAVEL RELATED SERVICES

-- 78% of revenues

-- 2000 revenues: $17.4 BILLION

-- 2000 earnings: $1.93 BILLION

-- This flagship unit markets various American Express Cards as well as Optima and co-branded cards. As the sixth-largest consumer lender in the U.S., AmEx expects write-offs for bad credit to rise higher. Meantime, its corporate and consumer travel business has stalled as well.

AMERICAN EXPRESS FINANCIAL ADVISORS

-- 19% of revenues

-- 2000 revenues: $4.2 BILLION

-- 2000 earnings: $1.0 BILLION

-- Markets financial advice, mutual funds, insurance, and annuities through a salesforce of 11,000 financial planners. Manages assets of about $250 billion. Investments in high-yield junk bonds led to more than $1 billion in write-offs in the first half of 2001. More losses likely as investment-grade bonds go bad.

AMERICAN EXPRESS BANK

-- 3% of revenues

-- 2000 revenues: $591 MILLION

-- 2000 earnings: $29 MILLION

-- Offers private and corporate banking. Roughly $5.3 billion outstanding in worldwide loans.


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