American Express Rises on Q2 Earnings Results

Shares of American Express AXP are trading higher in the after-hours following the release of the company's Q2 earnings results. Currently, shares are higher by 0.31%, trading at $55.25; they ended the regular session higher by 0.54%, at $52.09. American Express reported Q2 EPS of $1.07 on revenues of $7.62 billion; the Street was looking for $0.96 per share on revenues of $7.28 billion. Revenues increased 11.9% year over year. "Strong revenues and excellent credit performance helped us deliver record earnings this quarter," said Kenneth I. Chenault, chairman and chief executive officer, American Express. "Higher revenue growth reflects an attractive return on the investments we've been making to strengthen merchant relationships and enhance cardmember services.” American Express Company is a global service company The company's principal products and services are charge and credit payment card products and travel-related services offered to consumers and businesses around the world.