$AXP 20Q1 results. March proprietary billed biz. -23% y/y &amp; revenue -17% ex-FX; April prop. billed biz. down &gt;40% (w/ non-T&amp;E down &gt;20%). $1.6bn reserve build, total reserves now $5.9bn (6.7% of loans). Net Write-Offs +20bps to 2.5% in loans, +30bps to 2.1% in receivables. $MA $V https://t.co/nfOJlV6oGW