American Express (AXP) Tops Q1 EPS by 11c

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

April 16, 2015 4:02 PM EDT

NEW YORK--(BUSINESS WIRE)-- American Express Company (NYSE: AXP) today reported first-quarter net income of $1.5 billion, up 6 percent from $1.4 billion a year ago. Diluted earnings per share rose 11 percent to $1.48, from $1.33 a year ago.

(Millions, except percentages and per share amounts)

        Quarters Ended

March 31,

Percentage

Inc/(Dec)

2015     2014 Total Revenues Net of Interest Expense $ 7,950 $ 8,173 (3 )% Net Income $ 1,525 $ 1,432 6 %... More