American Express Triples Profit on Higher Card Spending

Bolstered by higher card-member spending and fewer bad loans, American Express beat expectations with a second-quarter 2010 profit of $1 billion, about three times more than the $337 million in earnings a year ago. Per ...

American Express: Consumers Resist Raising Their Debt

Three-quarters of consumers surveyed by American Express say their debt has not increased over the past six months, and more than a third say their debt has decreased. More Americans say they have been focused on ...

American Express: Finances Top Stress Factor for Couples

An American Express survey found that nearly one in three couples believe finances cause more stress in their relationship then intimacy, their children and their in-laws. Communicating about finances is not a priority, ...

American Express: Costly Travel Plans Defy Soft Economy

Despite the economic downturn, consumers will spend an average of $1,000 per person on travel plans this summer, according to the latest American Express survey. Just more than half (51 percent) of Americans  - ...

American Express ZYNCs Up with Savvy Young Adults

Offered in beta since December, American Express has officially launched its ZYNC card aimed at a new generation of financially savvy consumers in their 20s and 30s. ZYNC is a pay-in-full charge card with optional ...

American Express: Lessons Learned from Volcanic Ash Crisis

American Express said more than 150,000 of its travel customers were delayed or otherwise affected by the volcanic ash cloud that grounded European travel for days. The ordeal demonstrated the need for “continuous ...

American Express: Profit Doubles on 16% Jump in Spending

Higher consumer spending and improved credit quality propelled first quarter earnings for American Express, which more than doubled its profit to $885 million, or 73 cents a share, up from $437 million, or 31 cents ...

American Express Survey: $6,200 Set for Home Projects

Most homeowners are planning on spending an average of $6,200 on home improvement projects this year and most believe a seller’s market is at least two years away, according to the latest Spending & Saving ...

American Express, Macy’s New Partners in Co-Branded Cards

American Express and Macy’s have a new partnership which will give the retailer co-branded cards exclusively with AmEx, but issued by Citi, the issuer of Macy’s and Bloomingdale’s credit cards. Under ...

American Express: Small Businesses Hint of Recovery

American Express reports some hopeful signs among small business owners who still have a dim economic outlook, but are increasingly planning to hire or make capital investments. Nearly half – 48 percent – ...
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