Investing.com - American Express (NYSE:AXP) reported on Friday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
American Express announced earnings per share of $0.29 on revenue of $7.68B. Analysts polled by Investing.com anticipated EPS of $-0.05 on revenue of $8.24B.
American Express shares are down 22% from the beginning of the year , still down 30.02% from its 52 week high of $138.13 set on January 24. They are under-performing the S&P 500 which is up 0.15% from the start of the year.
American Express follows other major Financial sector earnings this month
American Express's report follows an earnings beat by JPMorgan on July 14, who reported EPS of $1.38 on revenue of $33.82B, compared to forecasts EPS of $1.15 on revenue of $30.41B.
UnitedHealth had beat expectations on July 15 with second quarter EPS of $7.12 on revenue of $62.14B, compared to forecast for EPS of $5.28 on revenue of $63.48B.
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