AmEx Profits Fall 13%

[Anonymous]

"American Express profit falls 13 percent, but tops forecasts"

https://www.mail.com/business/economy/5128588-american-express-profit-falls-13-percent-tops-fore.htm...

[gdale6]

Still earning over a Bil but they have not yet been able to stem the downward spiral.

[DeeBee78]

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@gdale6 wrote:

Still earning over a Bil but they have not yet been able to stem the downward spiral.

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Don't worry, they'll just keep raising the AF's on their charge cards every year, until you have to BT the AF to another card, so you don't go into the poor house to pay it off 

[sarge12]

I love my BCE grocery store card and with 12700 dollar limit...that's a lot of groceries.

[Anonymous]

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@gdale6 wrote:

Still earning over a Bil but they have not yet been able to stem the downward spiral.

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There is an old expression: "... you made your bed now lie in it ..."

[AverageJoesCredit]

Yeah but what if you baught the sheets in Walmart?

[grillandwinemaster]

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@Anonymous wrote:

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@gdale6 wrote:

Still earning over a Bil but they have not yet been able to stem the downward spiral.

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There is an old expression: "... you made your bed now lie in it ..."

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I feel that Amex is still not marketing to the "middle-class America."  It's focus is on 

the upper echelon consumer.  Loosing the Costco portfolio, you would think they

would re-focus there marketing efforts.  Maybe even introduce a secured card, to 

tap new markets.  Most prime banks now offer secured cards, but not Amex. Oh well, no Amex

for me!!