AmEx reports lowest revenue in over five years

AmEx reports lowest revenue in over five years

REUTERS: Credit card issuer American Express Co reported its lowest quarterly revenue in more than five years on Wednesday as it struggled to make up for the loss of its contract with Costco Wholesale Corp .Total revenue, net of interest expense, fell 5 percent to US$7.77 billion in the three months ended Sept. 30 – the first quarter with no revenue from the Costco partnership.Net income attributable to common shareholders fell about 10 percent to US$1.11 billion. On a per…

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