American Express Posts Mixed Financial Results

Shares of American Express (AXP) are down 3% after the credit card giant posted mixed financial results for this year’s third quarter. New York City-based American Express reported earnings per share (EPS) of $3.49 U.S., which was well ahead of the $3.29 U.S. consensus expectation of analysts who follow the company. Revenue for the July through September period totaled $16.64 billion U.S., which slightly missed Wall Street’s forecast of $16.68 billion U.S. Sales were up 8% from a year earlier.The company also reported card-fee revenue growth of 18% and that it had 3.3 million new card…