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American Express profits surge 16% in Q3, driven by wealthy card members
Yahoo Finance· 2025-10-17 20:09
NEW YORK (AP) — Credit card giant American Express posted a 16% jump in third-quarter profits on Friday, helped by increased card spending, particularly among its wealthiest card members. The company raised its full-year profit forecasts as a result. The New York-based company said it earned $2.9 billion in the quarter, up 16% from $2.51 billion in the same period a year earlier. On a per-share basis, the company earned $4.14, compared to $3.49 a year earlier. The results beat analysts’ expectations. Onc ...