American Express Misses on Q4 Profitability

American Express (NYSE: AXP) reported its fourth-quarter and fiscal 2016 results Thursday, and judging by the 2% slump in financial institution’s share price following the release, it seems investors weren’t that impressed. For the quarter, Amex took in net revenue of $8.02 billion, a 4% decline from the same period one year ago. …read more

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