The Business Times
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American Express

Banking & Finance

Amex tops estimates as premium card spending stays strong

Analysts have said Amex’s focus on the premium segment insulates the company from a broader slowdown in spending, and helps deliver solid growth.
Banking & Finance

Amex projects upbeat 2026 profit on steady spending by affluent customers

At US$595, plus US$75 a year for each authorised user, the card is cheaper than JPMorgan’s Sapphire Reserve, which Habner helped launch when she worked there in 2016.
Banking & Finance

Citi charges US$595 for ‘Strata Elite’ credit card to rival Amex, Chase

Access to Amex’s global lounges is one of the benefits linked to the Platinum card.
Banking & Finance

American Express plans ‘largest investment ever’ in platinum credit card

The credit card giant’s profit was US$2.58 billion, or US$3.64 per share, for the three months ended March 31, compared with US$2.44 billion, or US$3.33 per share, a year earlier.
Banking & Finance

AmEx profit rises on resilient card spending

The Platinum Card by American Express ensures seamless transitions between business and leisure.
Lifestyle
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From 2018 to 2021, Amex misled customers in sales pitches about the tax benefits of wire transfer products known as Payroll Rewards and Premium Wire.
Banking & Finance

American Express to pay US$230 million to settle US charges over deceptive sales practices

The credit card giant has been relatively insulated from economic shocks as it caters to affluent customers, but some analysts see limited room for its market value to grow further given that the stock is already trading at a record high.
Companies & Markets

AmEx profit beats estimate on robust customer spending

AmEx’s profit was US$3.02 billion, or US$4.15 per share, for the three months ended Jun 30, 39 per cent higher than a year earlier.
Banking & Finance

AmEx’s quarterly profit beats estimates on robust spending

The court found that American Express Australia distributed two credit cards primarily to customers in stores of luxury brand David Jones between late May and early July in 2022 without appropriately determining the target market.
Banking & Finance

Australian court fines AmEx A$8 million over breach of credit card rules

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