American Express announced it will cut 5% of its workforce, about thousands of jobs, as part of a $336 million restructuring to prepare for AI-driven automation. The company aims to become leaner and more agile by reducing management layers and increasing control spans to better integrate AI in its operations. Despite inflation and low consumer sentiment, Amex reported strong earnings and raised its full-year profit forecast. CEO Stephen Squeri emphasized the need for efficiency and innovation while assuring that AI use will be carefully controlled to protect customers and merchants.
American Express shares trade at USD 313.14 on Pluang as of Oct 24, 2026 01:21 WIB, down 3.65% in one day. The stock's market cap stands at $219.59 billion, with a dividend yield of 1.17%. Pluang order activity shows 97% selling, reflecting cautious investor sentiment despite the company's restructuring efforts.
American Express was upgraded to Buy due to its attractive valuation and strong earnings growth prospects. The company reported 9% revenue growth and a 28% increase in net income in Q3, along with robust card acquisition and stable credit quality. It...
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 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 f...
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...
