AmEx reports lowest revenue in over 5 years
Credit card issuer American Express Co (AXP.N) reported its lowest quarterly revenue in more than five years on Wednesday as it struggled to make up for the loss of its contract with Costco Wholesale Corp (COST.O).
Total revenue, net of interest expense, fell 5 percent to $7.77 billion in the three months ended Sept. 30 - the first quarter with no revenue from the Costco partnership.
Net income attributable to common shareholders fell about 10 percent to $1.11 billion. On a per share basis, AmEx earned $1.20.
Costco co-branded portfolio accounted for about 8 percent of the spending on AmEx... read more
- 15:06 Sturgeon vows to save Scotland from hard Brexit and Tories'...
- 15:06 Blog: Ayr United penalty hero Greg Fleming proves he's spot on
- 15:06 Tuitavake makes first start as Saints make nine changes for...
- 15:06 Yorkshire named as top dogging hotspot in the country
- 15:06 Al-Qaeda claims responsibility for deadly bomb blast which left as...
- 15:06 Council agrees college funding
- 15:06 Germany may deport up to 547 'security risk' asylum seekers
- 15:05 Drug-driver admits running down Leeds academic while fleeing police
- 15:05 Showcasing the strength of healthcare firms
- 15:05 Council votes for flexibility as it cancels 35-year waste deal
- 15:04 Yorkshire named as top dogging hotspot in the country
- 15:04 Council agrees college funding
- 15:04 MPS: Kashmir must be given chance of 'Brexit'-style vote
- 15:04 Mum who was bought an egg for £25 off eBay now has an emu
- 15:04 Table tennis proves a hit at Rossett school
- 15:04 Sudanese government says rebel group to sign Darfur peace pact
- 15:04 Historic club under threat
- 15:03 Mansfield man sent to crown court on cocaine charges
- 15:03 Pensioner remains in 'serious' condition after being hit by car
- 15:03 Floral tributes left in memory of Mark Jack Park after Scotswood...
- 15:02 Mansfield man sent to crown court on cocaine charges
- 15:02 BREAKING: Ongoing power cut plunges Meadowhall shopping centre into...
- 15:02 Drug-driver admits running down Leeds academic while fleeing police
- 15:02 Mansfield man lashed out over “sex” comments in chip shop
- 15:00 Cristiano Ronaldo is watched by his girlfriend Georgina Rodriguez...
- 15:00 Mansfield man sent to crown court on cocaine charges
- 14:59 More than 800 homes in South Derbyshire village to be without water...
- 14:59 Amazing footage as the New Wear Bridge pylon sails into Sunderland
- 14:59 South Shields teen fights for his life after two-vehicle smash
- 14:59 Thorntons recalls festive favourites over fears they may contain...