American Express-Amex reports higher write-offs, but earnings forecast clears Wall Street's bar

American Express Co. saw net write-offs increase in the latest quarter relative to a year before, but the company on Friday still came in ahead of Wall Street expectations with its financial forecasts for 2024. Total revenue net of interest expense came in at $15.8 billion, up 11% from the$ 14.2 billion that Amex AXP, +1.21% reported a year prior. Analysts had been looking for $16.0 billion. Amex’s billed business was up 6% to$ 379.8 billion. “We continued to drive strong customer engagement, and deman ...