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AmEx profits fall 9% as customers fall behind on payments

Por: Associated Press Business January 28, 2023

NEW YORK (AP) — American Express saw its fourth-quarter profits fall by 9%, as the credit card giant had to set aside significantly more money to cover potentially bad loans. The company saw charge offs and delinquencies rise, a troubling sign for a company whose customer base is usually well-to-do and extremely creditworthy. But the company did announce it planned to raise its quarterly dividend and also forecast higher-than-expected profits... + full article



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