Published 2 years ago

American Express profits fall slightly, but spending jumps

Summary by Ground News

American Express' first-quarter profits fell roughly 6% from a year earlier. Cardmembers spent $350 billion on their AmEx cards in the quarter, up 30%. The average AmEx card holder spent nearly $6,000 on their accounts last quarter. AmEx reaffirmed its full-year profit guidance, saying it expects to post earnings of between $9.25 and $965 a share for 2022.

0 Articles

All

Left

Center

Right

Associated Press News

American Express profits fall slightly, but spending jumps

American Express' first-quarter profits fell roughly 6% from a year earlier, but the company saw a 30% jump in spending on its namesake cards in the quarter as its cardmembers

2 years ago·United States

Read Full Article

abc News

American Express profits fall slightly, but spending jumps

American Express’ first-quarter profits fell roughly 6% from a year earlier, but the company saw a 30% jump in spending on its namesake cards in the quarter as its cardmembers returned to their habits of shopping, traveling and dining

2 years ago·United States

Read Full Article

KRDO

American Express profits fall slightly, but spending jumps

By KEN SWEET AP Business WriterNEW YORK (AP) — American Express’ first-quarter profits fell roughly 6% from a year earlier, but the company saw a 30% jump in spending on its namesake cards in the quarter as its cardmembers returned to their habits of shopping, traveling and dining. The New York-based company posted a profit of $2.1 billion, or $2.73 a share, down from $2.24 billion, or $2.74 a share, a year earlier. Last year’s results had a one…

2 years ago·Colorado Springs, United States

Read Full Article

KIFI

American Express profits fall slightly, but spending jumps - Local News 8

2 years ago·Idaho Falls, United States

Read Full Article

KVIA

American Express profits fall slightly, but spending jumps

2 years ago·Panama City, United States

Read Full Article

MY Northwest

American Express profits fall slightly, but spending jumps

NEW YORK (AP) — American Express’ first-quarter profits fell roughly 6% from a year earlier, but the company saw a 30% jump in spending on its namesake cards in the quarter as its cardmembers returned to their habits of shopping, traveling and dining. The New York-based company posted a profit of $2.1 billion, or $2.73 a share, down from $2.24 billion, or $2.74 a share, a year earlier. Last year’s results had a one-time boost to AmEx’s results, …

2 years ago·Tacoma, United States

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year

Ground News Article Assistant

Not enough coverage to generate an Article Assistant.