AmEx (AXP) Shares Spike as CEO Says Credit Markets Showing 'First Signs of Improvement in 18 Months'

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Shares of American Express (NYSE: AXP) have popped about a dollar mid-day following positive comments from Ken Chenault, the company's Chairman and CEO, at a Financial Community Meeting being held today. The exec has said that the credit markets are showing their "first signs of improvement in 18 months".

AmEx shares are now up more than 5%, most recently trading at $30.22.

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