American Express First Quarter EPS of $1.48, up 11% from a Year Ago; Higher Card Member Spending and Loans Drive Core Performance; Operating Expenses Remain Well Controlled

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Go back to American Express First Quarter EPS of $1.48, up 11% from a Year Ago; Higher Card Member Spending and Loans Drive Core Performance; Operating Expenses Remain Well Controlled

American Express (AXP) Tops Q1 EPS by 11c

April 16, 2015 4:02 PM EDT

American Express (NYSE: AXP) reported Q1 EPS of $1.48, $0.11 better than the analyst estimate of $1.37. Revenue for the quarter came in at $7.95 billion versus the consensus estimate of $8.23 billion.

Consolidated provisions for losses totaled $420 million, down 13 percent from $485 million a year ago. The decrease... More