American Express Co.'s second-quarter profits fell 48% from a year earlier, but the company reported encouraging signs on the credit front.

The company made $337 million, or 9 cents a share. Excluding costs related to buying back preferred shares from the government,

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.