- American Express reports first-quarter earnings per share of $1.07.
- Analysts were expecting EPS of a dollar.
- Total revenue grows 8% year-over-year.
American Express reported "corporate and other" losses of $227 million during the first quarter, compared to a loss of $191 million the previous quarter and net income of $64 million a year earlier, with the first-quarter 2011 results having "included income of $220 million ($136 million after-tax) for the previously announced MasterCard and Visa settlements." The company's first-quarter return on average equity was a strong 27.1%, although the ROE declined from 27.7% in the fourth quarter, and 27.9% during the first quarter of 2011. American Express's shares closed at $58.04 Tuesday, returning 24% year-to-date.The shares trade for 12 times the consensus 2013 EPS estimate of $4.77. The consensus 2012 EPS estimate is $4.25. The company plans to "repurchase as much as $4 billion of outstanding shares this year and an additional $1 billion in the first quarter of 2013," according to Chenault." Based on American Express's 20-cent quarterly payout, the shares have a dividend yield of 1.38%.. Interested in more on American Express? See TheStreet Ratings' report card for this stock. -- Written by Philip van Doorn in Jupiter, Fla. To contact the writer, click here: Philip van Doorn. To follow the writer on Twitter, go to http://twitter.com/PhilipvanDoorn.