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Updated from 4:47 p.m. EDT
American Express (AXP Quote) said its first-quarter net income jumped 21% from a year earlier as the company got a better handle on its discretionary spending.
Earnings for the quarter totaled $1.1 billion, or 87 cents a share, compared with $873 million and 69 cents a share in the same period a year ago.
On a continuing operations basis, American Express earned 88 cents in the latest quarter, up from 70 cents last year. Consolidated revenue, net of interest expense, rose 10% to $6.67 billion. ...
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