American Express, a leading provider of financial and travel services, said its profit jumped 32% in the third quarter as its revenue climbed 14%.
The company reported a profit of $245.2 million for the three months ended Sept. 30, compared to $185.2 million a year ago. Its revenue rose to $3.8 billion from $3.3 billion a year earlier.
James D. Robinson III, chairman and chief executive, said the company achieved "substantial gains" in both the growth of its longstanding businesses such as travel-related services and through newer earnings streams, such as its IDS Financial Services.
Net income for the company's travel-related services rose 19% to $140 million in the quarter.
Its credit card charge volume rose 19% to $14.1 billion in the quarter, while sales of its travelers checks rose 7.8% to $5.6 billion.