American Express Raises 2026 Profit Forecast as Affluent Spending Holds Up
American Express raised its 2026 profit forecast after reporting strong third-quarter results, citing spending by affluent customers on travel, dining and shopping.
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11:30:48 AM UTC
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By Kelly CloonanAmerican Express boosted its profit outlook for the year as its customers continue to spend more.The credit-card company said Friday it now forecasts earnings per share of $18.30 to $18.60 for the full year, up from $17.30 to $17.90 previously. It expects adjusted earnings per share…
American Express (NYSE: AXP) lifted its profit outlook for 2026 on Friday after posting strong third-quarter results. The company said affluent customers continued using their cards for travel, restaurant meals and shopping.