American Express (NYSE: AXP) and Capital One (NYSE: COF) both released their second quarter earnings results and both beat expectations, but saw little buying excitement in after hours trading Thursday.
American Express announced $1.02 billion in second quarter net income, which is roughly triple the income they generated in the second quarter of 2009.
This news came after eight consecutive quarters of profit declines.
This gave American Express a profit of 84 cents per share compared with 9 cents a share in 2009.
Analysts were expecting the company to make 78 cents per share.
Meanwhile Capital One also beat analyst expectations of a profit of 78 cents per share by making $1.33 per share on $1.02 billion in second-quarter net income.
Last year Capital One lost $277 in the second quarter.
Before the open S&P 500 futures are trading up 0.2% and it appears we’ll see the S&P 500 open right below its 1,100 resistance level.


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