Deutsche Bank Downgrades American Express (AXP) to Hold
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American Express First Quarter EPS of $1.45, Full Year Outlook Reaffirmed
April 20, 2016 4:10 PM EDTRevenues Rise on Strong Net Interest Income Growth
3 Million New Cards Acquired on High Investment Spending
NEW YORK--(BUSINESS WIRE)--
American Express Company (NYSE: AXP) today reported first-quarter net income of $1.4 billion, down 6 percent from $1.5 billion a year ago. Diluted earnings per share was $1.45, down from $1.48 a year ago.
(Millions, except percentages and per share amounts)
 ÂQuarters EndedMarch 31,
ÂPercentageInc/(Dec)
 Â2016
 Â2015
   Total Revenues Net of Interest Expense  $ 8,088   $ 7,950   2 Net Income  $... More