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Stocks (and Investing Books) We're Bullish On
Motley Fool Money
American Express Shares Slid 7% on Friday
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Shares of American Express fell 7% on Friday. The selloff is because that Max is building up their lost provisions to prepare for potential defaults in a weakening economy. That's what investors appear to be focused on. Revenue was up 24% with total volume up 19%. They added 3.3 million proprietary cards, so acquisitions of US consumer platinum and consumer gold cards and business businesses.
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