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EARNINGS

January 23, 1987

New York-based American Express Co. reported that 1986 preliminary consolidated net income from continuing operations reached a record high level of $1.11 billion, an increase of 37% over 1985's $812 million. The company surpassed the billion-dollar threshold in net income for the first time, with "all four of our primary operating units setting record highs for earnings," a spokesman said.

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