October 18, 2017 / 10:25 PM / 3 months ago

BRIEF-American Express says on track to take $1 bln out of its expense base - conf call

Oct 18 (Reuters) - American Express Co:

* American Express says “on track to take $1 billion out of our expense base” - conf call

* In quarter, incurred discrete charges related to u.s. Loyalty coalition business, U.S. prepaid business, hurricanes in Texas, Florida, Puerto Rico” - conf call

* In quarter, aggregate impact of the discrete charges equates to approximately $0.12 of earnings per share - conf call

* “With evolving regulations in Europe and Australia, we expect network volumes in those geographies to decline over time” - conf call Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below