American Express Profit Rises 14 Percent
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American Express (AXP.N: Quote, Profile, Research) on Monday said quarterly earnings rose 14 percent, matching analysts&#39; expectations, as cardholder spending and borrowing increased while loan losses fell.
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NEW YORK -- Citigroup Inc., the biggest U.S. bank, said Friday its second-quarter profit rose 18 percent after pulling in record revenues, driven largely by strength in overseas operations.
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Citigroup Inc. C.N, the world's  largest financial services company, on Thursday said  fourth-quarter profit rose 12 percent, helped by growth in its  consumer business.
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Financial services giant American Express Co. said Monday that third-quarter earnings rose to meet Wall Street expectations. Net income increased to $879 million, or 69 cents per share, from $770 million, or 59 cents per share, a year ago.
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American Express has seen its quarterly profits climb again, after higher spending on its credit cards.
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Diversified manufacturer Honeywell International Inc  said on Friday quarterly profit rose 14.2 percent amid continued strong demand from the aerospace and commercial construction sectors, but results were slightly below Wall Street's expectations.
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BT Group PLC, Britain&#39;s largest phone company, reported a 14 percent increase in second quarter net profit on Thursday, as growth in mobile telecommunications, broadband and IT services outweighed more declines in its traditional residential telecoms
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American Express  on Monday said quarterly earnings rose 14 percent, matching analysts' expectations, as cardholder spending and borrowing increased while loan losses fell.
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U.S. investment bank Lehman Brothers Holdings Inc.  on Wednesday said fourth-quarter profit rose 22 percent on continued strength from fixed-income businesses and record investment banking revenue.
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American Express Co. AXP.N said on  Monday fourth-quarter profits rose 17 percent, driven by  increased use of its credit cards and strong travel-related  sales.
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American Express Co. (AXP.N: Quote, Profile, Research) said on Monday quarterly earnings rose 14 percent, matching analysts&#39; expectations, on record cardholder spending, increased card borrowing and lower loan losses.
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The Dow Jones Industrials continued their climb, crossing 14,000 at one point, rising on a relatively mild inflation report and better-than-expected profit reports from blue chip names.
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Procter & Gamble, the consumer products company, said quarterly profit jumped 14 percent, boosted by strong sales and a gain from the sale of its juice business.
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Citigroup Inc., the world's largest financial services company, on Thursday said fourth-quarter profit rose 12 percent, helped by growth in its consumer and investment banking businesses.
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MasterCard Inc  on Thursday said its fourth-quarter operating profit surged, pushing shares of the credit card network up more than 7 percent.
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Stocks gained on Tuesday on higher-than-expected earnings, pushing the Dow above 14,000 for the first time and easing concern about the deteriorating subprime mortgage market.
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American Express Co. AXP.N said on  Monday quarterly earnings rose 14 percent, matching analysts'  expectations, on record cardholder spending, increased travel  sales and lower loan losses.