Keefe, Bruyette & Woods Downgrades American Express (AXP) to Market Perform
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American Express Reports Fourth Quarter EPS of $0.89 or $1.23 When Adjusted for Impairment and Restructuring Charges1
January 21, 2016 4:05 PM ESTCard Member Spending and Loans Continued to Rise
Company Expects 2016 EPS of $5.40-$5.70
Outlook
Includes Multi-Year Plan to Take $1 Billion out of Cost Structure
NEW YORK--(BUSINESS WIRE)-- American Express Company (NYSE: AXP) today reported fourth-quarter net income of $899 million, down from $1.4 billion a year ago. The current and year-ago quarters included a number of significant items that affected year-over-year comparisons.
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