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According to American Express reports the company’s net profit in the second half of the year was at the level of $1,761 bn which is 9% less than the figure a year before. Earning per share was 2,07 dollars and exceeded economists’ forecast at 2,03 dollars. Revenues were $10,838 bn having increased by 8% compared to the same period a year before. According to the market forecast this indicator expected to be at the level of $10,83 bn. The retail business noticed its revenues growth by 10%. The company raised its income from the commercial services by 7%. Revenues from trading fees and network services raised up by 5%. The programs of encouraging cardholders and other measures directed to attract the clients demanded the costs increase by 9%. American Express’s stocks rose by 34,7% from the beginning of the year.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
On Monday, Fujitsu Ltd. (6702.T) announced that it would halve its office space in Japan by March 2023 as it pushes for its 80,000 employees to work remotely amid the coronavirus outbreak. The IT solutions company said that its employees would ...
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