American Express 4th-qtr profit rises 12 percent

Roadblock Street was expecting profit of 97 cents for each share, on revenue of $7.87 billion.president Kenneth Chenault says customer expenses rose 11 percent terminated the 2010 quarter, to a reputation amount. Balances rose, but next to a slower rate, a sign with the purpose of customers held in reserve demanding to reimburse their balances every month. Past-due accounts and write-offs are next to historic lows.Expenses, an area of disturb in favor of analysts, rose 1 percent, with rewards payments up 10 percent.

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