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 to accelerate innovation and better compete in the coming years. The company took a $336 million restructuring charge this quarter, which includes severance costs. This restructuring is expected to help American Express focus more on its business priorities and improve execution.
American Express shares are trading at USD 316.97 on Pluang as of Oct 23, 2026 20:41 WIB. The stock is down 2.47% for the day, with a market cap of $219.59 billion. Most Pluang users are selling, with 97% of orders as sell and only 3% as buy, reflecting cautious sentiment around the company currently.
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 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...
