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American Express and American Express corporate cards are pictured in Encinitas
Higher consumer spending boosts AmEx profit
American Express Co posted a strong first-quarter profit, as its customers spent more on their credit cards while redeeming fewer rewards, and the company said it will look to boost its digital offerings. As the U.S. economy begins to add jobs and gain strength, consumers have been spending more with their credit cards, the dollar volume of which grew 8.7 percent in March, according to KKR-owned
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