Higher card-member spending and borrowing helped boost revenue at American Express Co., despite higher expenses from its rewards program and loans. Revenue, net of interest expense, rose 6.6% to $10.36 billion in the first quarter. Analysts surveyed by Refinitiv expected $10.44 billion in revenue for the quarter. Discount revenue, which reflects...

Source: Wall Street Journal April 18, 2019 12:33 UTC