American Express (AXP) Misses Q3 EPS by 7c
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American Express Reports Third Quarter EPS of $1.24, Versus $1.40 a Year Ago
October 21, 2015 4:03 PM EDTResults Reflect Higher Spending on Growth Initiatives as Well as the Impact of Previous Co-Brand Renewals and Stronger U.S. Dollar
NEW YORK--(BUSINESS WIRE)-- American Express Company (NYSE: AXP) today reported third-quarter net income of $1.3 billion, down 14 percent from $1.5 billion a year ago. Diluted earnings per share was $1.24, down 11 percent from $1.40 a year ago.
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Â(Millions, except percentages and per share amounts)
  Quarters EndedSeptember 30,
 PercentageInc/(Dec)
 Nine Months EndedSeptember 30,
 PercentageInc/(Dec)
    Â2015
  Â2014
    Â2015
  Â2014
   Total Revenues Net of Interest Expense    $ 8,193   $ 8,303   (1%)  $ 24,427   $... More