CREDIT card giant
Card member spending rose nine per cent globally, after adjusting for foreign currency, compared to seven per cent growth in the preceding quarter and eight per cent growth in the second quarter last year.
AmEx, which issues plastic cards and owns a card-processing network, said revenue, net of interest expense, rose five per cent to
The company also reported a profit of
"The strong underlying performance this quarter reflected a continuation of some familiar themes: higher card member spending, credit metrics at or near their historic lows, a modest increase in loan balances," chief executive
US consumer spending picked up in the second quarter after an usually harsh winter dampened sales in the first quarter.
AmEx shares closed at
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