From Dow Jones & Company:

American Express Co. announced Q4 figures, with net write-offs increasing slightly over the past year, but company forecasting financial projections for 2024 exceeding Wall Street expectations. Revenue net of interest expense came in at $15.8 billion, representing an 11% increase from Q4 of 2020. Amex’s billed business grew 6% to $379.8 billion. International spending also increased by 13%, with U.S. consumer spending up by 7%. Although total provisions for credit losses increased to $1.4 billion, the company generated net income of $1.9 billion. Amex also disclosed a planned dividend increase of 17%.



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