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More on American Express (AXP): Net income of $1.3B +1% Y/Y. Cardmember spending +9%, below the...

More on American Express (AXP): Net income of $1.3B +1% Y/Y. Cardmember spending +9%, below the double-digit levels of recent quarters. Managing expenses remains a focus "given the uncertain economic outlook." Marketing, rewards, and employee pay were all lower than a year ago, but offset by higher "occupancy and equipment" costs, leaving total expenses +2% Y/Y. (PR)

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