Jefferies Remains Sidelined on American Express (AXP) Following 2Q Report
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American Express Reports Second Quarter EPS of $2.10
July 20, 2016 4:05 PM EDTQuarterly Results Include Gain from Loan Portfolio Sale, Restructuring Charge and Elevated Spending on Growth Initiatives
Business Performance Reflects Higher Card Member Spending, Lending Momentum, Strong Credit Quality and Cost Controls
NEW YORK--(BUSINESS WIRE)-- American Express Company (NYSE: AXP) today reported second-quarter net income of $2.0 billion, up 37 percent from $1.5 billion a year ago. Diluted earnings per share increased 48 percent to $2.10, up from $1.42 a year ago.
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