The Stock Of American Express Slips On Record Card Spending
(CTN News) - It has been reported that American Express (AXP - Get Free Report) - Get Free Report published better-than-expected.........
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(CTN News) - It has been reported that American Express (AXP - Get Free Report) - Get Free Report published better-than-expected.........
American Express said on Friday it took in a record $15.1 billion over the second quarter as card members spent more on its credit cards. Its results beat Wall Street estimates.
Card giant American Express shifted gears on small-business sales, laying off hundreds. A number of salespeople are bitter, wondering why it happened.
There was big interest when Apple partnered with Goldman Sachs and introduced Apple Card, but the two never managed to introduce the Cupertino credit card outside the US. Can this change?
It's doing great right now, but headwinds are getting stronger.