UPDATE 1-AmEx rewards program costs cloud strong quarterly results
17 Jul UPDATE 1-AmEx rewards program costs cloud strong quarterly results
Posted at 20:49h
in
News
by KMFSLLP
American Express Co reported a
steep rise in quarterly expenses as the credit card issuer spent
more to fund its rewards program, overshadowing its profit beat
and sending its shares down 3.5 percent in extended trading.
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