July 19, 2019 / 11:37 AM / 5 months ago

AmEx quarterly profit rises 8.5%

July 19 (Reuters) - Credit card issuer American Express Co reported an 8.5% rise in second-quarter profit on Friday, boosted by higher customer spending.

Net income rose to $1.76 billion, or $2.07 per share, in the quarter ended June 30, from $1.62 billion, or $1.84 per share, a year earlier, the company said. (reut.rs/32ys3vT)

Total revenue, excluding interest expense, rose 8.4% to $10.84 billion. (Reporting by Bharath Manjesh in Bengaluru; Editing by Shinjini Ganguli)

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