American Express Company (NYSE: AXP) today reported second-quarter net income of $1.4 billion, up 5 percent from $1.3 billion a year ago. Diluted earnings per share was $1.27, up 10 percent from $1.15 a year ago.
(Millions, except per share amounts)
| Quarters Ended
| Six Months Ended
|Total Revenues Net of Interest Expense||$||8,245||$||7,965||4 %||$||16,126||$||15,552||4 %|
|Net Income||$||1,405||$||1,339||5 %||$||2,685||$||2,595||3 %|
|Earnings Per Common Share – Diluted:|
Net Income Attributable to Common Shareholders 1
|$||1.27||$||1.15||10 %||$||2.42||$||2.22||9 %|
|Average Diluted Common Shares Outstanding||1,097||1,152||(5) %||1,101||1,158||(5) %|
|Return on Average Equity||23.6 %||26.6 %||23.6 %||26.6 %|
Second quarter consolidated total revenues net of interest expense rose 4 percent to $8.2 billion, from $8.0 billion a year ago. The increase reflected higher cardmember spending and growth in the cardmember loan portfolio, which helped to generate higher net interest income.
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