A Nice Quarter For American Express (AXP)
October 22, 2007 by Douglas A. McIntyreAmerican Express (AXP) had a nice enough quarter. But, it was not stellar and the stock did not get out of hand after hours.
Revenue net of interest expense rose 11% to $6.945 billion. Net income was up 10% to $1.067 billion.
The market thought that was fine. The stock traded up a fraction at $56.90, not far from its 52-week low of $53.91. Wall St. still believes that the consumer is marching toward the grave.
Douglas A. McIntyre
Sponsored: Want to Retire Early? Here’s a Great First Step
Want retirement to come a few years earlier than you’d planned? Orare you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.