$American Express(AXP.US) just posted a record Q3 and raised its full year guide, but shares are slipping premarketAdj. …
$American Express(AXP.US) just posted a record Q3 and raised its full year guide, but shares are slipping premarket
Adj. EPS $4.68 vs $4.49 expected, up 13% y/yRevenue $20.06B vs $20.12B expected, up 9% y/y and the best Q3 in company historyBilled business $454B vs $456.9B expected, up 8%Credit loss provision fell 23% to $985M as $American Express(AXP.US) released reserves, and the net write-off rate improved to 1.8% from 1.9%2026 adj. EPS guide raised to $17.60 to $17.90, or 14% to 16% growthShares are down 1.6% premarket near $319.87The credit side is the quiet headline here. Premium cardholders are still spending and still paying their bills, even with oil this high. The market wanted a bigger spending number, but this is a consumer that hasn't cracked yetSource: StockMarket.News
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