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Stockreport

Fifth Third Jumps as CEO Calls Bottom on Net Interest Income [BNN Bloomberg (Canada)]

American Express Company (AXP)  More Company Research Source: BNN Bloomberg
Last american express company earnings: 4/24 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.americanexpress.com
First-quarter results will mark the low-point for net interest income, Spence told analysts on a call Friday. Those earnings totaled roughly $1.4 billion on a taxable-equivalent basis in the period, slightly ahead of Wall Street estimates. “Our operating priorities for many years now have been stability, profitability and growth, in that order,” Spence said in an interview. “We just believe that the best banks, the best companies in our industry, are the ones that are safe harbors, not the ones that are chasing the tiger and trying to catch it by the tail.” Shares of Cincinnati-based Fifth Third rose 5.9%, the most since December and the second-best performance in the 71-company S&P 500 Financials Index, after American Express Co. The upbeat outlook contrasts with a year ago, when regional banks were under pressure. Fifth Third is looking to expand in the Southeast US, where it's adding branches, while building out a commercial-payments business and wealth management platform, [Read more]
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Stockreport

Fifth Third Jumps as CEO Calls Bottom on Net Interest Income [BNN Bloomberg (Canada)]

American Express Company  (AXP) 
More Company Research Source: BNN Bloomberg
Last american express company earnings: 4/24 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.americanexpress.com
First-quarter results will mark the low-point for net interest income, Spence told analysts on a call Friday. Those earnings totaled roughly $1.4 billion on a taxable-equivalent basis in the period, slightly ahead of Wall Street estimates. “Our operating priorities for many years now have been stability, profitability and growth, in that order,” Spence said in an interview. “We just believe that the best banks, the best companies in our industry, are the ones that are safe harbors, not the ones that are chasing the tiger and trying to catch it by the tail.” Shares of Cincinnati-based Fifth Third rose 5.9%, the most since December and the second-best performance in the 71-company S&P 500 Financials Index, after American Express Co. The upbeat outlook contrasts with a year ago, when regional banks were under pressure. Fifth Third is looking to expand in the Southeast US, where it's adding branches, while building out a commercial-payments business and wealth management platform, [Read more]
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AXP
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EVENT DAY
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LAST PRICE AT
NEWS EVENT
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Multi-day stock performance from the time of the news release
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%
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%
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%
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TICKS
AVG SHARES PER TRADE
EVENT DAY
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PERFORMANCE SINCE EVENT
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