AmEx beats profit on higher card spending; expenses a worry
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(Reuters) - Credit card issuer American Express Co beat analysts' estimates for quarterly profit on Friday, as a healthy U.S. economy fuelled higher spending by its customers.Customer spending rose 7% in the United States, the company's biggest market, and 5% globally in the second quarter.U.S. consumer spending increased in May and April. Debit and credit card purchase volumes each rose 6% at Wells Fargo , which reported results last week, underscoring consumer confidence.Total expenses,..