American Express Beats Estimates

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July 17 (Bloomberg) -- Julie Hyman reports on American Express's earnings on Bloomberg Television's "Street Smart." (Source: Bloomberg)

Earnings per share, up about 10%, 5 cents ahead of analysts' estimates.

Looks like we might have moved away from estimates at $2.8 billion, the average analyst estimate.

That spending overall rose 77% in its second quarter in the u.s. with income profits up by 3% and international card service income was up 17%, so internationally we were seen easing growth from amex.

Speaking of international, to give you some context in the top 10, they did fall on some commentary from analysts that they could be hurt by new regulations in the european union with transaction fees.

The shares it still did finish the day lower.

Second quarter returns on equity, by the way, at 20.6% with shares in the after hours of making a big move down and a bit of flipping around.

The company did see more spending on the part of its card members.

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