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American Express Sees ‘Mixed Signals’ in Economy but Consumer Spending Still Strong

The CFO of American Express said that consumer spending trends remain strong, despite acknowledging “mixed signals” in the economy.AmEx reported a 21 percent rise in cardmember spending in the previous quarter, as the goods and services and the travel and entertainment categories witnessed growth.
The financial services company posted on Oct. 21 better-than-expected earnings for the third quarter of $1.88 billion in net income, or $2.47 a share.
This is an increase from $1.83 …

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