American Express saw net write-offs increase again in Q4

American Express Company (NYSE: AXP) is trading up in premarket on Friday even though it reported fourth-quarter earnings that came in slightly shy of Street estimates. American Express lifts quarterly divdendCopy link to sectionThe financial services company noted a 40% annualised increase in its provisions for credit losses in the recently concluded quarter to $1.4 billion that suggests a continued increase in net write-offs. Net reserve build, on the other hand, stood at$400 million versus $492 million ...