Jefferies Remains Sidelined on American Express (AXP) Following 2Q Report

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Go back to Jefferies Remains Sidelined on American Express (AXP) Following 2Q Report

American Express Reports Second Quarter EPS of $2.10

July 20, 2016 4:05 PM EDT

Quarterly 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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