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American Express profits rise; company plans to cut workforce by 5%, or about 3,500 employees

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NEW YORK (AP) — American Express profits rose sharply in the third quarter as it transitioned the vast majority of its members to a new, higher-fee Platinum Card while its well-to-do customers continued to spend aggressively. The company also announced its first major job cuts in roughly a decade, …

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Source headline and summary supplied via Currents News API. First collected by NewsJaws on 2026-10-23. This is an automated news brief, not original NewsJaws reporting. Dates reflect the source publication. Feed delays may apply.

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