According to American Express reports the company’s net profit in the second half of the year was at the level of $1,761 bn which is 9% less than the figure a year before. Earning per share was 2,07 dollars and exceeded economists’ forecast at 2,03 dollars. Revenues were $10,838 bn having increased by 8% compared to the same period a year before. According to the market forecast this indicator expected to be at the level of $10,83 bn. The retail business noticed its revenues growth by 10%. The company raised its income from the commercial services by 7%. Revenues from trading fees and network services raised up by 5%. The programs of encouraging cardholders and other measures directed to attract the clients demanded the costs increase by 9%. American Express’s stocks rose by 34,7% from the beginning of the year.
American Airlines to raise $3.5 billion in new financing10.06.2020
Global airlines heading for $84 billion net loss in 2020: IATA28.05.2020
American Airlines will cut 30% of its workforce including management and support staff27.05.2020
National Bank of Canada, Scotiabank surpass forecast despite profit decline