UPDATE 1-AmEx quarterly profit plunges 76% on $1.7 bln reserve build
Credit card issuer American Express Co
posted a 76% drop in quarterly profit on Friday, as it
set aside $1.7 billion to brace itself against potential
non-payments due to a wave of coronavirus-led layoffs.
posted a 76% drop in quarterly profit on Friday, as it
set aside $1.7 billion to brace itself against potential
non-payments due to a wave of coronavirus-led layoffs.
Posted by Reuters
