UPDATE 1-AmEx profit beats estimates as U.S. card holders spend more

April 16, 2015 8:50 PM

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April 16 (Reuters) - American Express Co, the world's largest credit card issuer, reported a better-than-expected rise in quarterly profit, helped by higher spending by U.S. card holders and an increase in net interest income.

Net income attributable to AmEx shareholders rose to $1.51 billion, or $1.48 per share, for the first quarter ended March 31, from $1.42 billion, or $1.33 per share, a year earlier.

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