Americans Are Partying on Their Credit Cards, but Will They Pay Their Debt?
Despite a 13 percent increase in revenues, American Express is raising its provisions for credit losses.
Source: newsweek.com
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American Express Posts Record Results as Households Keep Spending and Traveling
American Express says third-quarter revenue rose 13% to $15.4 billion, in line with expectations.
Source: marketwatch.com
American Express Boasts Record Profits—Credits 'Strong' Spending Despite Economy's Red Flashes
American Express’ net interest income is up nearly 75% over the last two years, boosting profits as consumer spending remained robust.
Source: forbes.com
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American Express Increases Provisions for Delinquent Customers, and Shares Fall
American Express shares fell after the credit card provider boosted the money it put aside to cover for customers defaulting on their payments.
Source: investopedia.com
Amex making strides in Latin America and Caribbean
The American Express Company (AMEX) is making significant moves to capture a greater share of the premium credit card market in Jamaica as it looks to expand its international presence, particular...
Source: jamaicaobserver.com