News Summary: American Express profit rose in 3Q

Associated Press Published: October 17, 2012

THE RESULTS: American Express' net income rose 1 percent in the third quarter to $1.25 billion, or $1.09 per share. That compares with net income of $1.24 billion, or $1.03 per share, in the same quarter last year. Revenue grew 4 percent to $7.86 billion from $7.57 billion a year earlier.

HIGHER SPENDING: Spending by the company's cardholders rose 8 percent in the U.S. during the July-to-September quarter versus a year earlier. It increased 6 percent globally. And cardholder loans rose 6 percent from a year earlier.

BAD LOANS: American Express' delinquency rate was flat compared to the second quarter.


Trending Now


  1. 1
    Hotel leaves Oklahoma City Thunder opponents telling ghost stories
  2. 2
    Check out the Thunder postseason playlist
  3. 3
    VIDEO: Blake Griffin dumps water on a fan
  4. 4
    Oklahoma City Thunder: Grizzlies guard Nick Calathes calls drug suspension unfair
  5. 5
    Dave Chappelle Reveals Shockingly Buff New Look
+ show more