American Express profit rises 28% after moving clients to the new Platinum card

FinanceInternationalThe Morning CallOct 23, 2026, 5:37 PM35 s readAI summary

American Express reported a profit of $3.71 billion in the third quarter, up 28% from a year earlier, or $5.42 per share. Excluding a one-time gain from the sale of its stake in Global Business Travel Group, earnings per share were $4.68, above Wall Street estimates. The company moved most of its members to a new Platinum card with an $895 annual fee and announced a 5% workforce reduction, about 3,500 employees.

In 35 seconds

Quarterly profit of $3.71 billion, up 28% year over year; $5.42 per share
Excluding the one-time gain from Global Business Travel Group, earnings per share were $4.68
Net card fees rose more than $400 million after the Platinum annual fee went from $695 to $895

Read the full story at The Morning Call

IASummary generated by artificial intelligence from a story by The Morning Call. It may contain errors: the original source prevails.

American Express
resultados
tarjetas de crédito
empleo

Comments

Be respectful. Comments reported by several people are hidden until a moderator reviews them.

You do not need an account to read, only to comment. Sign in with a code sent to your email or with your Google account. We only show the name you choose, never your email.

Keep reading

IMF backs economic rescue bill as Banco de la República calls for rigor in its review
The International Monetary Fund expressed support for the economic rescue bill submitted by Colombia's national government to Congress, calling it a significant step to address the fiscal challenges inherited by the new administration and to strengthen the country's fiscal sustainability. Banco de la República general manager Leonardo Villa asked for the bill to be studied rigorously, while the government warned of negative consequences if it is not approved. The legislative debate is set to begin in the coming weeks.
FinanceColombiaNoticias RCNNov 3AI
Parks and attractions in Colombia generated US$1.095 billion in 2024, according to IAAPA
Colombia's parks and attractions industry generated US$1.095 billion in revenue in 2024, 57% more than the US$698 million recorded in 2022, according to a study by the Global Association for the Attractions Industry (IAAPA). The country ranks sixth in sector revenue in the region. Visitors topped 11.2 million in 2024, 45.5% more than the previous year, and the offering reached 988 attractions, with museums and science centers as the largest group.
FinanceColombiaEl TiempoNov 3AI
President requests urgent congressional passage of fiscal adjustment bill
President Abelardo de la Espriella asked Congress to give urgent and insistent passage to the fiscal adjustment bill promoted by Finance Minister Miguel Gómez, citing Article 163 of the Constitution and Law 5 of 1992. The request, also signed by acting Interior Minister Iván Cancino, gives the bill full priority and convenes joint committee sessions. The initiative includes a 15% reduction in the state structure and tax adjustments that would affect the household basket.
FinanceColombiaPulzoNov 3AI
Oil edges lower after U.S. bombs Iran ahead of Election Day
Oil prices swung back and forth on Tuesday and extended losses from earlier in the week, on a day marked by U.S. bombing of Iran ahead of the elections. Major oil stocks also fell, including Chevron and ExxonMobil.
FinanceInternationalInvestor's Business DailyNov 3AI

American Express profit rises 28% after moving clients to the new Platinum card

In 35 seconds

Comments

Keep reading

IMF backs economic rescue bill as Banco de la República calls for rigor in its review

Parks and attractions in Colombia generated US$1.095 billion in 2024, according to IAAPA

President requests urgent congressional passage of fiscal adjustment bill

Oil edges lower after U.S. bombs Iran ahead of Election Day