American Express Climbs On Q1 Profit Above Analyst's View

(RTTNews) - American Express Co. (AXP) shares are gaining more than 4 percent on Friday morning trade after the company's first quarter earnings came in above the analysts estimates. The boost in profit was supported by an increase in cardmembers.

The company reported $2.44 billion or $3.33 per share, while analysts were looking for $2.95 per share.

Currently, shares are at $227.09, up 4.43 percent from the previous close of $217.50 on a volume of 2,664,448.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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