Adjusted for foreign currency translations, consolidated total revenues net of interest expense rose 5 percent from a year ago. 3Consolidated provisions for losses totaled $479 million, up 92 percent from $249 million a year ago. This increase reflects substantially lower reserve releases than the year ago period, partially offset by lower net write-offs in the current quarter. Credit indicators continued to be at historically strong levels.
American Express Third Quarter EPS Up 6% To $1.09; Revenues Rise, Expenses Decline
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