American Express raised its 2026 earnings guidance following a record third-quarter revenue of $20.1 billion, driven by stronger card spending and higher fees. The company now expects full-year earnings per share (EPS) between $18.30 and $18.60, up from the previous forecast of $17.60 to $17.90. Revenue net of interest expense grew 9% year-on-year, while billed business increased 8%. Despite higher expenses, net income rose 28% to $3.7 billion, supported by better credit performance and a lower effective tax rate. The company also expanded its commercial and travel services, including a new partnership with Airbnb. Shares fell about 2% despite the positive results.
American Express shares dropped 2.58% to USD 316.62 as of Oct 23, 2026 21:07 WIB on Pluang, despite the company raising its 2026 earnings guidance. The stock is trading closer to its 52-week low of USD 292.27 than its high of USD 384.82. Pluang data shows a strong sell sentiment with 97% of order activity leaning towards selling.
American Express reported a Q3 earnings beat with adjusted EPS of $4.68, surpassing estimates, and raised its full-year profit forecast. However, shares fell 3% due to concerns over a slight revenue miss and reliance on one-time tax benefits, which r...
American Express announced it is reducing about 5% of its global workforce, impacting roughly 3,850 employees from its nearly 77,000 staff as of the end of 2025. CEO Stephen Squeri explained the move aims to make the company more agile and efficient ...
American Express has partnered with Airbnb to add over 1 million Airbnb listings to its travel rewards platform, allowing cardholders to earn membership points on bookings. This expands Amex's hotel portfolio and lets Platinum cardholders apply their...
High-yield savings accounts are offering competitive interest rates up to 5.00% APY as of October 2026, significantly higher than the national average of 0.38%. Online banks are aggressively competing for deposits, making this an ideal time for saver...
In 2025, Berkshire Hathaway, led by Greg Abel, received $479 million in dividends from its $1.3 billion investment in American Express. This highlights the value of holding strong dividend-paying stocks for steady income. Retail investors can apply s...
