American Express Announces 2Q2009 Financial Results
American Express has announced financial results for the second quarter 2009 reporting that income declined 48% from the same quarter in the prior year to $342 million. Amex's billed business declined 16% on a worldwide basis to $151.4 billion. Average cardmember spending declined 15% to $2,712. Amex's merchant discount rate declined slightly to 2.55%.
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