The total revenue for American Express in Quarter 1 of 2011 was $7 billion, which is up 7% from $6.6 billion last year. This increase reflects higher card member spending and significant investments in business building initiatives.
“Our stepped up investment spending has helped us capitalize on opportunities during the early stages of the economic recovery and strengthen relationships with consumer, small business and corporate customers. By moving aggressively, we have also been able to expand our leadership role in online commerce, introduce the next generation of digital payments and deepen our relationships with merchants internationally” quoted from AMEX April 20th press release.
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