Wednesday, July 20, 2011

American Express posts higher quarterly earnings

by Dan Wilchins

American Express Co (AXP.N) said second quarter earnings rose, as customers spent more on their cards and the company's processing revenue rose.

The New York-based company posted quarterly earnings for common shareholders of $1.32 billion, or $1.10 a share, compared with $1.00 billion, or 84 cents a share, in the same quarter last year.

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