July 26, 2021
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American Express reported first-quarter profit of $2.74 per share, beating the consensus estimate of $1.61 a share. The financial services company’s revenue came in slightly short of forecasts. The bottom line was helped by $1.05 billion in credit reserve releases as the macroeconomic environment improved. Shares fell 2.2% in premarket trading. CNBC's Jim Cramer and David Faber discuss the results. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
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