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American Express 2Q Earnings Snapshot

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NEW YORK (AP) _ American Express Co. (AXP) on Friday reported second-quarter net income of $1.76 billion.On a per-share basis, the New York-based company said it had net income of $2.07.The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.05 per share.The credit card issuer and global payments company posted revenue of $10.84 billion in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $10.82 billion.American Express expects full-year earnings in the range of $7.85 to $8.35 per share.American Express shares have risen 35% since the beginning of the year, while the Standard & Poor’s 500 index has climbed 19%. The stock has increased 25% in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AXP at https://www.zacks.com/ap/AXPThe Associated Press read more

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