American Express earnings rise on consumer spending
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American Express Co , a credit card and travel services company, said on Monday that third quarter-earnings rose 10 percent, helped by increased spending among its consumer and corporate clients.
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Target Corp.  said on Tuesday quarterly profit rose, helped by strong holiday season sales and returns from its credit card business.
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American Express  on Monday said quarterly earnings rose 14 percent, matching analysts' expectations, as cardholder spending and borrowing increased while loan losses fell.
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The nationâs third-largest credit card company said net income rose to $1.06 billion in the second quarter, fueled by record spending.
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US consumer spending rose in October as a surge in hiring led to the biggest rise in incomes in five months, a government report showed.
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U.S. stocks rose  on Tuesday as  better-than-expected corporate earnings and positive consumer  confidence data lifted the mood on Wall Street a day after  major indexes hit November lows.
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Stocks rose at the open on Tuesday as strong earnings from Apple Inc.  and American Express Co  calmed fears that consumers were curbing their spending.
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Citigroup Inc. C.N and Bank of  America Corp. BAC.N on Thursday posted double-digit gains in  third-quarter profit, driven by gains in consumer lending and  fees.
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NEW YORK (CBS.MW) -- American Express reported third-quarter net income of $879 million, or 69 cents per share, up 14 percent from $770 million, or 59 cents per share, last year, amid more customer spending on credit cards, higher balances and increased
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Supervalu Inc  posted higher quarterly profit on Tuesday, helped by lower employee-related costs and other expenses, but said consumer spending would continue to be pressured by inflation.
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American Express has seen its quarterly profits climb again, after higher spending on its credit cards.
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U.S. consumer spending rose a  sharper-than-expected 0.7 percent in October, showing the  economy off to a solid fourth-quarter start despite a step-up  in inflation, a government report showed on Wednesday.
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U.S. stocks rose on Wednesday after  data pointing to strength in consumer spending boosted optimism  about profit growth and as bond yields retreated from five-year  highs.
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American International Group Inc.  shares rose in midday trading on Friday after the world's largest insurer reported late Thursday that earnings in the latest fourth quarter were nearly eight times higher than the year earlier net.
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Citigroup Inc. , the world's largest financial services company, on Thursday said fourth-quarter profit rose, helped by growth in its consumer business.
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WASHINGTON -- Consumers boosted their spending in May as their incomes grew solidly, an encouraging sign that high gasoline prices haven't killed people's appetite to buy. Inflation moderated.
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Citigroup Inc. and Bank of America  Corp. on Thursday posted double-digit gains in third-quarter  profit, driven by growth in consumer lending, deposits and  credit cards.