American Express doubles profit

American Express has more than doubled its profit in the first quarter, a sign that the specialist credit card extricates a crisis battering the past two years.

Net income stood at $ 873 million, 73 cents per share, against $ 361 million, 31 cents per share, a year earlier.

Revenues, net interest rose 11% to $ 6.6 billion over the same quarter last year.

Amex charges its excellent resulting output to the resumption of consumer spending and an improvement in credit quality.

The action of the group took 1.8% to 47.61 dollars in after-hours transactions after finishing at 46.77 dollars.

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