News Formal

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

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 97%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Net write-off rates and delinquency rates are still below prepandemic levels

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SolarEdge, Enphase, Knight-Swift, Intuitive Surgical, AmEx, and More Market MoversSolar stocks tumble after SolarEdge warns about demand in Europe, Knight-Swift Transportation's revenue tops forecasts, Intuitive Surgical's revenue misses,...
Source: MarketWatch - 🏆 3. / 97 Read more »

U.S. Bancorp Stock Falls After Earnings. Higher Rates Boost Net Interest Income.Net interest income is being helped by the Federal Reserve's aggressive pace of rate hikes.
Source: MarketWatch - 🏆 3. / 97 Read more »