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American Express says its Q4 earnings & revenue came in weaker than last year. The U.S. firm released £81 million of funds it had set aside to cover for bad loans. Shares of the company slid just under 3% in premarket trading on Tuesday. The American Express Company (NYSE: AXP) said on Tuesday that its fourth-quarter earnings and revenue saw a decline on a year over year basis. As per the NYSE-listed company, it released £81 million of funds in Q4 that it had previously set aside to cover for bad loans amidst the ongoing COVID-19 crisis that has so far infected more than 100 million people ...

BENGALURU (Jan 26): American Express Co (AmEx) on Tuesday reported a 15% drop in quarterly profit as pandemic-led lockdowns and business restrictions kept the credit card issuer's members from travelling and dining out, sending its shares down over 2%. Still, the New-York based company beat Wall Street estimates for profit as it lowered credit loss reserves and benefitted from higher online spending by consumers stuck at home. Large credit card firms have been hit hard as the pandemic-induced recession forced companies to lay off workers, which in turn hampered overall spending. AmEx said it ...

2 Min Read FILE PHOTO: Credit cards of American Express are photographed in this illustration picture in this March 17, 2016, file photo. REUTERS/Kai Pfaffenbach/Illustration (Reuters) - American Express Co said on Tuesday it expects an uptick in holiday travel this summer, but not business travel, as it seeks to recover from a year which dented airline traffic and hotel bookings, knocking 15% off its bottom line. The New York-based company still beat Wall Street estimates for profit as it lowered credit loss reserves and benefited from higher online spending by consumers stuck at home. “.....

Some of country’s biggest businesses, including AT&T, Facebook and UPS, said they are rethinking their giving to candidates after Trump supporters breached the Capitol and GOP lawmakers contested the election.

The moves come as a number of major companies say they are suspending political campaign contributions through political action committees.