American Express

American Express fell after releasing third-quarter results and announced 3,500 job cuts, even though the company raised its profit forecast. Card billing volume grew less than expected and operating costs increased, making the stock the laggard in the Dow. Overall the technology sector stabilized slightly, while rising oil prices and geopolitical tensions weighed on markets. » Mere på finanzen.net

American Express is cutting around 3,500 jobs (about 5% of its workforce) to reduce costs. The company raised its 2026 earnings forecast to $18.30–$18.60 per share. In the third quarter, revenue rose nine percent to $20.1 billion, and net income grew 28% to $3.7 billion thanks to the sale of a stake in Global Business Travel. The stock fell about three percent after the results were released. » Mere på handelsblatt.com

American Express will eliminate roughly 5% of its global workforce as part of a restructuring aimed at making the company more agile and efficient. The move accompanies a $336 million restructuring charge in the quarter, which typically includes severance costs. Amex had almost 77,000 employees at the end of 2025 and says the change will free capacity to invest in business priorities. » Mere på cnbc.com