NEW YORK: American Express said Thursday that its profit jumped in the final three months of the year as the company set aside less money to cover bad loans.
The New York-based credit card company earned US$716 million in the quarter, or 60 cents per share, up from $240 million, or 21 cents per share, in the same period a year ago.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!