Deutsche Bank Downgrades American Express (AXP) to Hold

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Go back to Deutsche Bank Downgrades American Express (AXP) to Hold

American Express First Quarter EPS of $1.45, Full Year Outlook Reaffirmed

April 20, 2016 4:10 PM EDT

Revenues 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)

   

Quarters EndedMarch 31,

 

PercentageInc/(Dec)

   

2016

   

2015

      Total Revenues Net of Interest Expense   $ 8,088     $ 7,950     2 Net Income   $... More