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Leash on expenses helps AmEx counter muted user spending


Credit: Reuters/Brendan McDermid/Files


An American Express sign is seen on a restaurant door in New York in this file photo taken July 22, 2010.


The world's biggest credit card issuer's net income rose to $1.43 billion, or $1.33 per share, for the first quarter ended March 31, from $1.28 billion, or $1.15 per share, a year earlier.


Total revenue, net of interest expense, rose 4 percent to $8.20 billion.


(Reporting by Aman Shah in Bangalore; Editing by Sriraj Kalluvila)


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