Still, the marketplace lender said its "capacity and flexibility to fund loans has never been stronger."
AmEx also added roughly 5.4 million new credit card accounts in the U.S., helping revenue to rise 2% to $8.09 billion.
For most companies, Titles II and III of the JOBS Act won't be of much aid in raising substantial capital or attracting investors.
The JOBS Act has been an important tool for pre-IPO companies seeking to raise equity capital.
Four opinions on whether the JOBS Act is a help or hindrance to companies seeking capital.
The easier IPO on-ramp has been a boon, but crowdfunding has a very uncertain future.
First-quarter earnings fell year over year, and revenue declined in many of the bank's business units.
The company believes it has sufficient liquidity, including about $180 million of cash on hand as of March 31, to continue operations.
The banking giant was forced to add $200 million to loan-loss reserves as its oil and gas portfolio deteriorated.
The company is banking on the aging population giving rise to a surge in market of seniors selling no-longer-wanted life insurance policies.