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>> AMERICAN EXPRESS Latest News

JAN 18, 2013 - Washington Business Journal

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Morgan Stanley, GE earnings beat estimates; American Express profit falls 47 percent VIDEO

Both Morgan Stanley and GE reported strong earnings reports that beat Wall Street forecasts, but restructuring and other costs sunk American Express Co.'s profits by 47 percent. Brokerage Morgan Stanley (NYSE: MS) said its fourth-quarter profits reached $507 million, or 25 cents a share, compared with a loss of $250 million, or 15 cents a share, a year ago. Excluding special charges, the company earned 45 cents a share, which handily beat a Thomson Reuters analysts estimate of about 27 cents a share.…

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