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American Express Shares Rise As Earnings Surpass Expectations

Ramsey Baker

Summary: American Express posted fourth-quarter results that surpassed analyst expectations, causing the stock to grow as card fee revenues were higher than expected. This latest news caused shares to go up 2.4% during Friday’s premarket trading. American Express stated that the driving force behind their stronger-than-forecast profit was a “well-balanced mix” in fee, spending and lending ...

American Express posted fourth-quarter results that surpassed analyst expectations, causing the stock to grow as card fee revenues were higher than expected.

This latest news caused shares to go up 2.4% during Friday’s premarket trading. American Express stated that the driving force behind their stronger-than-forecast profit was a “well-balanced mix” in fee, spending and lending revenues.

By Ramsey Baker

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