Investing.com - American Express (NYSE:AXP) reported second quarter earnings that beat analysts' expectations on Friday and revenue that topped forecasts.
The firm reported earnings per share of $2.07 on revenue of $10.84B. Analysts polled by Investing.com forecast EPS of $2.03 on revenue of $10.82B. That compared to EPS of $1.84 on revenue of $10B in the same period a year earlier. The company had reported EPS of $1.8 on revenue of $10.36B in the previous quarter.
American Express shares gained 0.90% to trade at $129.55 in pre-market trade following the report.
For the year, American Express shares are up 34.69%, outperforming the S&P 500 which is up 20.92% year to date.
American Express follows other major Financial sector earnings this month
On Tuesday, JPMorgan reported second quarter EPS of $2.82 on revenue of $29.57B, compared to forecasts of EPS of $2.51 on revenue of $28.84B.
Bank of America earnings beat analyst's expectations on Wednesday, with second quarter EPS of $0.74 on revenue of $23.08B. Investing.com analysts expected EPS of $0.71 on revenue of $23.12B
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