American Express profit inches higher

The average consumer credit score in the U.S. rose for a second consecutive year, up a point from fall 2011 to 750, according to Experian's State of Credit 2012. The third annual report found that the average national debt also increased; it's up 1.4 percent to $24,890.Experian, a global provider of financial data and marketing services to corporations and consumers, based the scores in its third annual report on the average VantageScore by designated market area from January to June 2012. VantageScore ranges from 501 to 990, according to Experian.Midwesterners continue scoring highest in credit among Americans. Here's a look at each of the top 10 American cities according to its average consumer's credit score.
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LOS ANGELES American Express (AXP) says its net income rose 1 percent in the third quarter as its customers spent more money, boosting revenue for the credit card issuer.

But the rate of growth in customer spending was slower than earlier this year, echoing a trend among major card issuers.

The New York-based company said Wednesday that it posted net income of $1.25 billion, or $1.09 per share, for the three months ended Sept. 30. That compares with net income of $1.24 billion, or $1.03 per share, in the same period last year.

Revenue rose 4 percent to $7.86 billion from $7.57 billion.

Analysts polled by FactSet were expecting adjusted earnings of $1.09 per share on revenue of $7.9 billion.

Shares were off 56 cents to $58.80 in after-hours trading.