AmEx Climbs Most in Two Years as Fourth-Quarter Profit Doubles
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American Express Co., the biggest credit-card issuer by purchases, rose the most in more than two years after reporting fourth-quarter profit doubled and Sanford C. Bernstein & Co. raised profit estimates.
AmEx climbed 5.5 percent to $92.58 at 10:26 a.m. in New York, the most intraday since November 2011 and the best performer in the 30-company Dow Jones Industrial Average, which rose less than 1 percent. AmEx was the second-best performer in the Dow last year, gaining 58 percent.