American Express Saw 40 Spending Increase On Travel Entertainment In March
The New York-based company said it earned a profit of $2.24 billion compared with a profit of $367 million in the same period a year earlier. Revenues at AmEx were down 12 percent from last year. Cardmember spending on AmEx’s network was also down 6 percent, although it has recovered since the early weeks of the recession. However, the decline might be coming to an end as vaccine numbers are up and coronavirus cases are declining in the U....