Earnings Preview: Amex 2Q income seen declining

Published July 17, 2012 6:51pm ET



NEW YORK (AP) — American Express is expected to report a drop in earnings for the second quarter because the affluent customers that typically use its cards are expected to have curtailed their spending because of gyrations in the stock markets during the quarter.

The credit card company will report its results after the stock markets close on Wednesday.

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