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American Express first-quarter profit falls 5 percent


Added 04-18-19 08:03:02am EST - “Credit card issuer American Express Co said on Thursday its quarterly profit fel...” - Reuters.com

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Posted By TheNewsCommenter: From Reuters.com: “American Express first-quarter profit falls 5 percent”. Below is an excerpt from the article.

(Reuters) - Credit card issuer American Express Co said on Thursday its quarterly profit fell 5 percent, as it spent more on its rewards program.

The company said net income fell to $1.55 billion, or $1.80 per share, in the first quarter ended March 31, from $1.63 billion, or $1.86 per share, a year earlier. (reut.rs/2VQDifq)

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