American Express increased its net profit by 9% in Q2

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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.

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