Goldman Sachs Group Inc. analysts on Tuesday raised 2009 through 2011 profit estimates for American Express Co., citing Amex's better-than-expected third-quarter results and "improved consumer trends."

American Express is expected to earn $1.60 a share this year, $2.15 next year and $3.20 in 2011, according to Goldman Sachs. That compares with its analysts' previous estimates of $1.10, $1.60 and $3.05.

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