American Express Reports Earnings
American Express earlier today reported earnings for 4Q 2003. For the full year 2003, revenues were up 9 percent compared to 2002. Merchant discount revenues grew 11 percent reflecting a 13 percent increase in cardholder spending.
Notes from CFO Gary Crittenden's earnings conference call (available online) include mention that he is confident of doing a network related deal with a US bank sometime in 2004.
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