AmEx 4Q/15 U.S. Card Profits Climb 20% YOY
American Express (AmEx) fourth quarter (4Q/15) profits rose year-on-year (YOY) by 20.0% to $799 million. U.S. credit card outstandings declined 18.0% YOY to $51.4 billion, compared to $62.1 billion in the prior quarter and $62.6 billion in year ago quarter. U.S. credit card Purchase Dollar Volume (PDV) rose 5.0% YOY to $152.3 billion, compared to…