Become a Patron!

American Express’ quarterly profit misses estimates as default worries prompt reserve buildup

Status
Not open for further replies.

VUBot

Staff member
Diamond Contributor
ECF Refugee
Vape Media
American Express’ quarterly profit misses estimates as default worries prompt reserve buildup


American Express Co’s AXP-N first-quarter profit missed Wall Street estimates as the credit card giant set aside more money to cover potential losses stemming from cardholders falling behind on debt repayments. Shares fell nearly 1 per cent in premarket trading as AmEx raised its provisions to…

#amex #stubborn #stephensqueri #refinitiv #jeffcampbell

Continue reading...
 
Status
Not open for further replies.

VU Sponsors

Top