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via abcnews.go.comBusiness & Companies

American Express profit jumps as customers stick with the $895 Platinum Card

FROM THE WIRE · ABCNEWS.GO.COM

American Express reports a sharp rise in third-quarter profits, driven by a successful transition to its higher-fee Platinum Card

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA sharp quarterly profit rise at a major card issuer can support the stock.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01American Express reported a sharp rise in third-quarter profits.
  2. 02Growth was driven by a successful transition to its higher-fee Platinum Card.
  3. 03The Platinum Card costs $895.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
American Express CompanyAXPStock315.85 USD-0.20%today -2.87%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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