AmEx Beats Estimates, Earnings Rise 5% Year-Over-Year

American Express reported its second-quarter earnings on July 17, revealing net income of $1.4 billion.

This total was up from the $1.3 billion observed in the second quarter of 2012. American Express indicated this income translated to earnings of $1.27 per share. It reported earnings per share of $1.15 for the second quarter of 2012.

The company earned $1.9 billion before income tax, and paid $590 million in income tax, according to the filing. These levies were up from the $540 million the company paid in the second quarter of last year.

MarketWatch reported that analysts had expected American Express to report earnings of $1.22 a share and revenue of $8.3 billion.

For a full copy of the filing, click here.

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