American Express Raises Profit Outlook as Member Spending Grows
American Express raised its full-year profit outlook and reported a 9% rise in third-quarter sales. CEO Stephen Squeri attributed the outlook increase to continued customer spending.
By Kelly CloonanAmerican Express boosted its profit outlook for the year as its customers continue to spend more.The updated outlook came as the credit-card company, which targets higher-income consumers, reported a 9% rise in sales in the third quarter.Chief Executive Stephen Squeri attributed the…