(Reuters) - NEW YORK, July 23 - American Express Co ,
a credit card issuer and network, posted weaker-than-expected
second quarter results on Monday, as its funding costs rose and
it set aside more money for credit losses.
The company's shares declined in after-hours trading as
investors brushed off a 12 percent increase in net income and
focused instead on rising write-downs of bad loans.
Read more at Reuters.com Market News
a credit card issuer and network, posted weaker-than-expected
second quarter results on Monday, as its funding costs rose and
it set aside more money for credit losses.
The company's shares declined in after-hours trading as
investors brushed off a 12 percent increase in net income and
focused instead on rising write-downs of bad loans.
Read more at Reuters.com Market News
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