American Express (NYSE:AXP) reported first quarter earnings that Beat analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $2.01 on revenue of $10.36B. Analysts polled by forecast EPS of $1.99 on revenue of $10.46B. That compared to EPS of $1.86 on revenue of $9.72B in the same period a year earlier. The company had reported EPS of $2.32 on revenue of $10.47B in the previous quarter.
American Express shares lost 2.42% to trade at $109.05 in pre-market trade following the report.
American Express follows other major Financial sector earnings this month
On April 12, JPMorgan reported first quarter EPS of $2.65 on revenue of $29.85B, compared to forecasts of EPS of $2.35 on revenue of $28.44B.
Bank of America earnings Beat analysts' expectations on Tuesday, with first quarter EPS of $0.7 on revenue of $23B. analysts expected EPS of $0.66 on revenue of $23.2B
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