Credit cards shine in their past light

By: trademagazin Date: 2010. 07. 26. 00:00

Credit card owners, after the end of the crisis pay their debts more precisely and also spend more, which can already be seen in the profits of the world's largest card company the American Express.

The company's after tax profit has tripled in the second – rather weak – quarter, and reached one billion USD. Last year, in the second quarter, after-tax profit was 337 million USD meaning a 9 cents per share profits, which is now 84 cents per share. The company's revenue rose by 13 percent to 6.86 billion USD – reports

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