Amex Bank results jump

Forex revenues were $52 million for Q2, building on revenues of $53 million in Q1. Revenues for H1 2002 totalled $81 million.

Kenneth Chenault, chairman and chief executive officer of American Express, said record 2003 results reflected success in adapting to an uncertain economic environment. "This -- with our decision to ramp up investment spending a year ago while many others were cutting back -- generated one of our strongest quarters in recent years."