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AmEx quarterly profit plunges 76% on $1.7 billion reserve build

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Home Blogs > Business
Apr 24 '20 | By oiam2companyadmin | Views: 45 | Comments: 0

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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.
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Source: https://www.reuters.com/article/us-american-express-results/amex-quarterly-profit-plunges-76-on-1-7-billion-reserve-build-idUSKCN2261K4?feedType=RSS&feedName=businessNews

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