Latest News

AXP Earnings: All you need to know about American Express Q2 2020 earnings results | AlphaStreet

American Express Company (NYSE:AXP) reported second quarter 2020 earnings results today.

Total revenues dropped 29% year-over-year to $7.6 billion, mainly due to a decline in Card Member spending and a lower average discount rate.  

Net income fell 85% to $257 million and EPS declined 86% to $0.29.

Consolidated provisions for losses were $1.6 billion, up from $861 million a year ago, due to a reserve build of $628 million.

Past Performance

Click here to read the transcript for American Express Q2 2020 earnings conference call

Most Popular

Intel (INTC) Q2 revenue up 20%; earnings top view

Chipmaker Intel Corporation (NASDAQ: INTC) reported a 20% growth in second-quarter revenues, reflecting the strong demand for cloud services during the COVID-related shutdown. However, the stock declined on Thursday evening

Read More

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker