the third quarter, to $648 million, reflecting continued success in its credit and charge card business and its investment product offerings.

Amex's net revenues rose 12% over last year, to $4.9 billion. Net income at the company's largest business unit, Travel Related Services, which markets cards, increased 14%, to $413 million. The company attributes the growth to effective reward programs and greater merchant coverage, which in turn sparked higher spending per card customer.

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