American Express Co

AXP: XNYS (USA)
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American Express Earnings: Rising Spending on Luxury Cards Drives Midteens Net Income Growth

American Express reported strong first-quarter results as net interest income growth and spending volume continued to impress. Revenue rose 11% from last year to $18.9 billion, while diluted earnings per share rose 18% to $4.28. These results translate to a return on average equity of 35.2%.

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