American Express Reports Record Net Income for Q1
American Express Company reported first quarter income from continuing operations of $1.1 billion, up 22 percent from $876 million a year ago. Diluted earnings per share from continuing operations were $0.88, up 26 percent from $0.70.
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Net income for the quarter also totaled $1.1 billion, up 21 percent from $873 million a year ago, and $0.87 per share, up 26 percent from $0.69.
Consolidated revenues net of interest expense rose 10 percent to $6.7 billion, up from $6.1 billion a year ago.
Consolidated expenses totaled $4.2 billion, up 4 percent from $4.1 billion a year ago.
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