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Why American Express Fell Today

TheMotleyFool

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Shares of credit card giant American Express (NYSE: AXP) fell on Thursday, down 4.6% as of 2:16 p.m. EDT.

American Express released its first-quarter earnings report this morning, and the results appeared quite strong, conflicting with the negative price action.

Investors may have been hoping for an increase in full-year guidance following the first-quarter beat, but that didn't happen. Additionally, the ceasefire in Iran appeared shaky, pushing oil prices higher.

Source Fool.com

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