Reported about 7 hours ago
American Express reported a 12% increase in profits, attributed to higher-than-expected consumer spending on credit cards during the holiday season. The company's transaction volume rose 8% to $408.4 billion in the fourth quarter, and full-year revenue is projected to grow between 8% and 10%. CEO Steve Squeri noted strong consumer confidence and spending trends, along with continued investments in travel and hospitality services.
Source: YAHOO