GO
Loading...

Enter multiple symbols separated by commas

American Express profit rises on more card use

American Express cards are arranged for a photograph in New York.
Scott Eells | Bloomberg | Getty Images
American Express cards are arranged for a photograph in New York.

American Express reported a 9 percent rise in quarterly profit as more customers used its credit cards in a recovering U.S. economy.

Net income rose to $1.53 billion, or $1.43 per share, for the second quarter ended June 30, from $1.41 billion, or $1.27 per share, a year earlier.

Read MoreVisa earnings beat Street estimates

Total revenue, net of interest expense, rose 5 percent to $8.66 billion.

American Express shares were down slightly in extended trading. (Click here to track the company's stock.)

— By Reuters with CNBC