Mr. Chenault said, “Serving Card Members and merchants through a diversified, spend-centric business has allowed us to generate consistent revenue increases at a time when top line growth is still under pressure in parts of the financial services industry.“Controlling operating expenses, 4” he added, “remains a top priority, and the restructuring we began a year ago allowed us to more than meet the goal we set for 2013.
American Express Fourth Quarter EPS Rises To $1.21 From $0.56 Last Year; Revenues And Loans Increase As Card Member Spending Ends Year On Strong Note; Credit Indicators Remain At Historical Lows; Operating Expenses Well Contained In The Quarter
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