American Express Reports Second Quarter EPS of $1.47 Reflecting Higher Revenues, Strong Credit Quality and Operating Expense Discipline

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Go back to American Express Reports Second Quarter EPS of $1.47 Reflecting Higher Revenues, Strong Credit Quality and Operating Expense Discipline

Jefferies Reiterates Hold of American Express (AXP) Following 2Q

July 20, 2017 7:54 AM EDT

Jefferies reiterated a Hold rating and $85.00 price target on American Express (NYSE: AXP) following the company's 2Q earnings release. AXP reported 2Q17 EPS of $1.47 beating the Street's $1.43. Revenues topped forecasts on both higher net interest income and higher discount revenue.

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