American Express Falls 1.9% as Expenses Rise
January 21, 2015 at 17:00 PM EST
Shares of American Express (AXP) dropped 1.9% in after-hours trade Wednesday, although the financial services company reported fourth-quarter profit and sales that rose above expectations. What worried investors? Expenses climbed and the company was hit by a large provision for loans that could sour. For the quarter ended Dec. 31, American Express, hich issues credit [...]
