American Express Reports Earnings

American Express (AXP) today reported net income rose 5 percent in the second quarter, as cardholders spent more, boosting revenue. The latest earnings were ahead of Wall Street expectations, however revenue fell short. For the three months ended June 30, the company posted a profit of $1.41 billion, or $1.27 per share. That compares with earnings of $1.34 billion, or $1.15 per share, in the same period last year. Revenue rose 4 percent, to $8.25 billion from about $8 billion.

American Express (AXP).

American Express (AXP) is up +33.61% year-to-date.

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