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AMEX LIFTS 2026 GUIDANCE ON ONE-TIME GAIN

AMEX LIFTS 2026 GUIDANCE ON ONE-TIME GAIN

American Express raised its full-year 2026 earnings guidance to between $18.30 and $18.60 per share after third-quarter profit jumped 31% to $5.42 per share, boosted by a $751 million after-tax gain from selling its stake in Global Business Travel. Stripped of that one-time item, adjusted earnings per share rose a more modest 13% to $4.68, as the company also booked a $336 million restructuring charge tied to efficiency initiatives. Revenue climbed 9% to $20.1 billion. $AXP shares now carry a higher bar heading into year-end.

@55 Markets·2h ago·Source: SEC
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Written and verified by @55 Markets from the linked source. Not investment advice.

AMEX LIFTS 2026 GUIDANCE ON ONE-TIME GAIN | @55 Markets