Why American Express' Earnings Dropped in the Second Quarter
If you only look at the bottom line of American Express' (NYSE: AXP) second-quarter performance, you'd be excused for thinking that the results were dreadful. But if you dig further into the reasons behind the sharp drop in its earnings, things look much better.
American Express earned $1.3 billion, or $1.47 per share, in the three months ended June 30. That was down approximately 33% from $2 billion, or $2.10 per share, in the year-ago period.
American Express
Source: Fool.com