American Express Posts Record Results as Households Keep Spending and Traveling

Consumers keep shopping and traveling and that translated to American Express announcing its sixth consecutive quarter of record revenue Friday. Revenue at American Express (ticker: AXP) climbed 13% from the year-ago quarter to $15.4 billion, which was in-line with estimates of analysts surveyed by FactSet. Profit topped expectations growing 30% to $2.45 billion, amounting to earnings of $3.30 a share, another record for American Express.