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. » More on finanzen.net

American Express is cutting around 3,500 jobs (about 5% of its workforce) to reduce rising costs. The company raised its 2026 earnings forecast to $18.30–$18.60 per share. In the third quarter revenue rose 9% to $20.1 billion and net income grew 28% to $3.7 billion, helped by the sale of a stake in the Global Business Travel Group (net proceeds ~$750 million). The stock fell about 3% shortly after the market opened. » More on 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. » More on cnbc.com

American Express raised its earnings-per-share forecast to $18.30–18.60 and said it is more optimistic about the year due to high customer spending. In the third quarter revenue rose 9% to $20.1 billion, and net income grew 28% to $3.7 billion thanks to the sale of a stake in the Global Business Travel Group. Excluding the one-off gain, profits also exceeded analysts’ expectations; the company invested part of the special proceeds in an efficiency program. The stock fell in premarket trading and is down about 12% year-to-date. » More on finanzen.net

American Express will list more than 1 million Airbnb stays on its Amex Travel portal and allow cardholders to earn Membership Rewards points on bookings made through the platform. Members cannot yet redeem points for Airbnb bookings, but Platinum cardholders can apply the $600 annual lodging credit to Airbnb Luxe stays and receive a $250 statement credit on eligible Airbnb Experiences after a Luxe booking. Rewards rates vary by card: Consumer and Business Platinum earn 5x on prepaid Airbnb bookings via Amex Travel, Classic Green earns 3x on travel through third-party sites, and other eligible cards earn 2x. The move is part of Amex's broader push to boost premium card perks amid intensifying competition and recent fee increases. » More on cnbc.com