By: Benzinga
January 18, 2013 at 01:42 AM EST
UPDATE: American Express Q4 Profit Drops 47%
American Express (NYSE: AXP ) reported a 47% drop in its fourth-quarter net income. American Express' quarterly net income fell to $637 million, or $0.56 per share, from $1.2 billion, or $1.01 per share, in the year-ago period. Excluding items, the company earned $1.09 per share. However, analysts were expecting
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