American Express First-quarter Earnings Soar Thanks To Spending, Lending, And Taxes

newsfeedback@fool.com (Jordan Wathen), The Motley Fool
Thu, 04/19/2018 - 7:14am

American Express (NYSE: AXP) has always been the card company for spenders, but its first quarter results suggest it can be a card company for borrowers, too.The company reported net income of $1.6 billion in the first quarter, up 31% from the same period a year ago, helped by rising cardholder spending and borrowing, topped off by a lower corporate tax rate.MetricContinue reading

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Topics:  american express nyse   axp    spending   company   quarter   card   
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