The profit of American Express. The American credit card giant has benefited from the reduction in defaults on loans made, a very low level among the best in the sector.
With revenues up 4,6 percent over the second quarter of 2011, the company reported earnings of $1,34 billion, or $1,15 per share, up from $1,33 billion a year ago, 1,10 .4 dollars per share (it should however be noted that the free float was reduced by XNUMX%).
A result that, although not striking, exceeded analysts' forecasts. Despite this, the American company has already set aside 461 million dollars for possible future losses, a risk provision increased by 19% compared to last year, in the wake of an increase in the loan portfolio.
