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Latest Human Resources News
American Express Earnings From Continuing Operations Rise 12% as ... - MSN Money
(preliminary, millions) GAAP Basis -------------------------------- % Inc/ Quarters Ended December 31, 2005 2004 (Dec) -------- -------- ---------- Revenues: Discount revenue, net card fees and other $ 2,397 $ 2,127 12.7% Cardmember lending: Finance charge revenue 685 455 50.8 Interest expense 200 96 # -------- -------- Net finance charge revenue 485 359 35.5 Securitization income, net 295 325 (9.3) -------- -------- Total revenues 3,177 2,811 13.0 -------- -------- Expenses: Marketing, promotion, rewards and cardmember services 1,097 976 12.5 Provision for losses 509 386 31.7 Human Resources and other operating expenses 1,038 950 9.3 -------- -------- Total expenses 2,644 2,312 14.4 -------- -------- Pretax segment income 533 499 6.6 Income tax provision 122 136 (11.0) -------- -------- Segment income $ 411 $ 363 13.1 ======== ======== U.S. Card Services Selected Financial Information
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