American Express reports strong third-quarter profit growth

The latest announcement comes from American Express ((AXP)).

American Express reported solid third-quarter results. Earnings per share rose to $3.49 and revenue reached a record $16.6 billion, up 8% from a year earlier. The company raised its EPS guidance for the year, driven by strong earnings from its core business and successful product refresh strategies, including the launch of a new US Consumer Gold Card. With 3.3 million new card acquisitions and accelerating card fee revenue growth, American Express continues to attract and retain premium cardholders, driving sustainable growth.

You can find a detailed evaluation of AXP shares at TipRanks stock analysis page.