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Earnings Fall at American Express, and Its Shares Suffer
Summary from United States, from articles in English
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The American Express Company, one of the world's flagship credit card issuers, reported sharply lower quarterly earnings Monday, offering fresh evidence of the financial distress that many American consumers are experiencing. (article 3)
Profit from continuing operations in the three-month period that ended June 30 was $655 million, or 56 cents a share, down from year-ago earnings of just over $1 billion, or 86 cents a share. (article 3)
After so much bad news from the nation's financial industry, Bank of America heartened Wall Street on Monday with quarterly profits that easily surpassed analysts' gloomy forecasts. (article 1)
CHARLOTTE, N.C. Bank of America Corp. has become the latest in a string of big banks whose second-quarter earnings, while hurting from the impact of the credit crisis, still managed to beat Wall Street expectations. (article 2)
The nation's second-largest bank by assets said Monday its profit fell 41 percent as losses in its struggling mortgage operations were offset by business in other parts of the company. (article 2)
The company, known for catering to some of America's wealthiest consumers, said the effects of the weakening economy were evident even among its more established members with excellent credit. (article 4)
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Other stories about quarter, billion and share:
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quarter, billion, share, Company, cents |
Source articles
- Bank Beats Forecasts, Reassuring Investors (nytimes.com, 07/22/2008, 855 words)
- BofA 2Q profit shrinks, beats Wall Street :: CHICAGO SUN-TIMES :: Earnings (suntimes.com, 07/21/2008, 831 words)
- Earnings Fall at American Express, and Its Shares Suffer (nytimes.com, 07/22/2008, 480 words)
- American Express 2Q profit tumbles 38 percent (seattletimes.nwsource.com, 07/21/2008, 586 words)
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blaster@cs.columbia.edu
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