Fri, January 24, 2025
[ Fri, Jan 24th 2025 ]: Reuters
BofA plans to engage with White House, Congress on debanking - spokesperson
[ Fri, Jan 24th 2025 ]: Yahoo
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[ Fri, Jan 24th 2025 ]: TechCrunch
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[ Fri, Jan 24th 2025 ]: Reuters
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[ Fri, Jan 24th 2025 ]: Forbes
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[ Fri, Jan 24th 2025 ]: CNET
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[ Fri, Jan 24th 2025 ]: Time
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[ Fri, Jan 24th 2025 ]: Forbes
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[ Fri, Jan 24th 2025 ]: Reuters
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[ Fri, Jan 24th 2025 ]: Fortune
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[ Fri, Jan 24th 2025 ]: Reuters
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[ Fri, Jan 24th 2025 ]: CoinTelegraph
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[ Fri, Jan 24th 2025 ]: Reuters
AmEx profit jumps on strong holiday season spending
[ Fri, Jan 24th 2025 ]: CNET
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[ Fri, Jan 24th 2025 ]: Reuters
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[ Fri, Jan 24th 2025 ]: Reuters
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[ Fri, Jan 24th 2025 ]: Indiatimes
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[ Fri, Jan 24th 2025 ]: Forbes
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[ Fri, Jan 24th 2025 ]: Fortune
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[ Fri, Jan 24th 2025 ]: Politico
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[ Fri, Jan 24th 2025 ]: MSN
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Thu, January 23, 2025
[ Thu, Jan 23rd 2025 ]: MSN
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[ Thu, Jan 23rd 2025 ]: Reuters
Japan cautious on economy as Trump's policies take centre stage

AmEx profit jumps on strong holiday season spending

American Express reported a significant increase in quarterly profit on January 24, 2025, driven by robust spending on its credit cards, particularly from its affluent customer base. The company's net income rose to $1.93 billion, or $2.62 per share, for the fourth quarter, up from $1.57 billion, or $2.07 per share, in the same period the previous year. This performance exceeded Wall Street expectations, with adjusted earnings per share of $2.65 against the expected $2.56. The growth was supported by a 7% increase in total network volumes to $426.6 billion, reflecting strong consumer spending despite economic uncertainties. Additionally, American Express benefited from a 13% rise in billed business and a 17% increase in interest income, although provisions for credit losses also increased to $1.44 billion from $1.03 billion, indicating a cautious approach to potential future defaults.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/amex-profit-jumps-resilient-credit-card-spending-2025-01-24/ ]