American Express, profits on the rise but below expectations. Title slips

American Express profits on the rise but below expectations Title

(Finance) – It’s going back a lot American Expresswhich exhibits a negative percentage change of 4.94%.

The accounts for the second quarter, which ended with a Net income of $2.17 billion, or $2.89 per share, compared with $1.96 billion, or $2.57 per share, for the same period last year. However, the market forecast was $2.81 per share.

THE revenues they marked an increase of 12% to reach 15.05 billion dollars, but lower than the 15.41 billion of the consensus.

The scenario on a weekly basis of famous credit card group detects a loosening of the curve with respect to the force expressed by Dow Jones. This retreat could make the title subject to sales by operators.

The trend of short of American Express is strengthening with a resistance area seen at USD 171.9, while the most immediate support can be seen at 166.2. A continuation of the upward trend towards 177.6 is expected.

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