Dow Jones Top Financial Services Headlines at 4 PM ET: American Express Sales, Profit Rise on Higher Card Member Spending | Booz ...
MorningStar·- American Express reported increased sales and profits in the second quarter due to higher card member spending. - Booz Allen Hamilton stated that demand is rising, aided by cost-cutting measures that resulted in unexpected profit growth. - HSBC announced the sale of its Singapore insurance business to Allianz for $2.1 billion as part of its strategic shift towards Asia.