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American Express stock surges after earnings rise above forecasts, amid higher card member spending

“Within the company’s business segments, consumer services revenue rose 11% to $5.4 billion, commercial services grew 7% to $3.4 billion and merchant and network services revenue increased 5% to $1.7 billion” writes Reporter Editor for marketwatch.com. Excluding non-recurring items, adjusted earnings per share of $2.08 topped the FactSet consensus of $2.03.AXP, +1.44% surged 2.1% premarket after the credit card and travel services company reported a third-quarter profit and revenue that rose above expectations, citing higher card member spending, net interest income and card fees.
 
Source: marketwatch.com



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