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American Express: Q3 Earnings Snapshot – WTOP News
Higher cardmember spending and strong Platinum Card retention lifted revenue 9% and drove the company to raise full-year profit guidance.
- On Friday, American Express raised its 2026 profit forecast after reporting strong third-quarter results, now expecting annual profit between $18.30 and $18.60 per share.
- Revenue climbed 9% to $20.1 billion, driven by an 8% increase in billed business to $454 billion as affluent customers spent heavily on travel and entertainment, which grew 10% year-over-year.
- To streamline operations, the company took a $336 million restructuring charge eliminating approximately 5% of global positions. AmEx also acquired 3.1 million new cards, with 76% on fee-paying products.
- AmEx CEO Stephen Squeri announced an exclusive partnership bringing over 1 million Airbnb listings into the Amex Travel program. The firm is also deploying AI-driven voice agents to automate transactions and personalize service.
- Management remains focused on acquiring high-spending, creditworthy customers to sustain momentum into 2027. Variable Customer Engagement growth is expected to moderate in the fourth quarter following the U.S. Platinum Card refresh.
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CMS Energy Announces Third Quarter Results, Reaffirms 2026 and 2027 Adjusted EPS Guidance
JACKSON, Mich., Oct. 27, 2026 /PRNewswire/ -- CMS Energy announced today reported earnings per share of $0.39 for the third quarter of 2026, compared to $0.92 per share for 2025. The company's adjusted earnings per share for the third quarter…
·Madison, United States
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Coverage Details
Total News Sources63
Leaning Left6Leaning Right7Center24Last UpdatedBias Distribution65% Center
Bias Distribution
- 65% of the sources are Center
65% Center
L 16%
C 65%
R 19%
Factuality
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