Amex calls out 'strong' spending and credit trends as earnings beat estimates

📆 20/10/2023 06:11 a. m.
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American Express Co. easily topped profit expectations for its third quarter, while calling out healthy spending and “strong” credit metrics.

Total revenues net of interest expense climbed to $15.4 billion from $13.6 billion a year before and made for Amex’s AXP, -1.26% sixth straight quarter of record revenue, the company said. Amex’s revenue matched the FactSet consensus.

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