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American Express Profit Jumps 15%, Topping Wall Street’s Estimates.

companies :: 1day ago :: source - barrons

By Rebecca Ungarino

American Express said its profit increased by 15% from a year ago as spending by its typically affluent cardmembers grew at the highest quarterly rate in three years. The New York-based firm said net income in the first quarter rose to $2.97 billion from $2.58 billion a year earlier. American Express left its financial guidance for 2026 unchanged.

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