NEW YORK — American Express said on Friday second-quarter profits jumped 39 percent as the credit card company benefited again from a broad increase in cardmember spending as well as more of its customers carrying a balance.
Profit reached $3.02 billion, compared to $2.17 billion in the same period a year ago. On a per-share basis, AmEx earned a profit of $4.15. Excluding one-time gains, AmEx earned $3.49 per share, handedly beating analyst's forecasts of $3.24 per share, according to FactSet.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.