American Express Company (NYSE: AXP) reported third quarter 2020 earnings results today.
Consolidated revenues, net of interest expense, declined 20% to $8.8 billion, reflecting declines in Card Member spending and the average discount rate versus last year.
Net income dropped 39% to $1.1 billion, or $1.30 per share, compared to last year.
Total provisions for credit losses were down 24% to $665 million.
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