Trending: American Express Posts Strong Profits in 3Q
October 20 2023 - 10:19AM
Dow Jones News
9:49 ET -- American Express is one of the most mentioned
companies in the U.S. across all news items in the last 12 hours,
according to Factiva data. American Express posted a profit of
$2.45 billion, or $3.30 a share, up from $1.88 billion, or $2.47 a
share, in the same period last year. Analysts surveyed by FactSet
had expected earnings of $2.95 a share. Revenue rose 13% to $15.38
billion, topping analysts' expectations for revenue of $15.36
billion. Cardholder spending rose 7%, powered by 9% growth from
U.S. consumer cardholders and 15% growth from international card
services, when adjusted for foreign exchange. Dow Jones & Co.
owns Factiva. (chris.wack@wsj.com)
(END) Dow Jones Newswires
October 20, 2023 10:04 ET (14:04 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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