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American Express beats profit forecast on robust spending

American Express surpassed estimates for second-quarter profit today, fueled by resilient spending from its affluent cardholders.

Business • 18 Jul

Profits at American Express
are being driven by an affluent customer base that increased spending as recession fears receded

American Express beats profit estimate on strong spending

First quarter profits at American Express vaulted past Wall Street estimates today, driven by an affluent customer base that increased spending as recession fears receded.

Business • 19 Apr 24

American Express has reported record revenue for 2023

American Express forecasts strong profit for 2024

American Express has today forecast a better-than-expected profit for 2024 on hopes that its affluent customers will be resilient with their spending amid elevated interest rates.

Business • 26 Jan 24

Netflix has suspended its service in Russia

Netflix, KPMG, PwC, AMEX sever ties with Russia

Netflix, a global streaming entertainment service, top accounting firms KPMG and PwC and financial services firm American Express are among the latest companies to cut ties with Russia as that country's conflict with Ukraine escalated.

Business • 07 Mar 22

The outlook for credit card companies is improving as government stimulus and vaccine rollouts fuel an economic recovery

American Express exceeds quarterly profit estimate

American Express exceeded its quarterly profit estimates today as it released more than $1 billion worth of funds it had set aside to cover potential coronavirus loan losses.

Business • 23 Apr 21

The Aer Lingus and BA owner said in April that it was burning through €200m a week

IAG boosted by £750m deal with American Express

Aer Lingus and BA owner International Airlines Group said American Express would pay it £750m to renew their partnership, providing a welcome boost to the airline's finances at a time when it is burning through cash.

Business • 24 Jul 20