JPMorgan Upgrades American Express (AXP) to Neutral

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Go back to JPMorgan Upgrades American Express (AXP) to Neutral

American Express (AXP) Tops Q3 EPS by 4c, Sales In-Line

October 15, 2014 4:03 PM EDT

American Express (NYSE: AXP) reported Q3 EPS of $1.40, $0.04 better than the analyst estimate of $1.36. Revenue for the quarter came in at $8.33 billion versus the consensus estimate of $8.37 billion.

We delivered another solid quarter of financial results, said Kenneth I. Chenault, chairman and chief executive officer. Card Member spending was up 9 percent, a modest acceleration from last quarter, and loan balances grew 5 percent. Revenues continued to rise... More