American Express first-quarter profit falls 5 percent

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Credit card issuer American Express Co said on Thursday its quarterly profit fell 5 percent, as it spent more on its rewards program.

The company said net income fell to US$1.55 billion, or US$1.80 per share, in the first quarter ended March 31, from US$1.63 billion, or US$1.86 per share, a year earlier. Source: Reuters.

The company said net income fell to US$1.55 billion, or US$1.80 per share, in the first quarter ended March 31, from US$1.63 billion, or US$1.86 per share, a year earlier. Source: Reuters

Source: Loan Digest (loandigest.net)

 

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