Several companies in the financial sector reported earnings this morning.
American Express reported better than expected record third quarter profits
and a 13% increase in revenue from a year ago.
The company CEO says spending on
travel and entertainment remained robust with Russia
spending being one of the fastest growing categories.
American Express also reaffirmed its full year forecast
this morning.
We also heard from smaller banks including First Bank Corp
which reported an increase in net income over the quarter and
which reported a decline.