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BusinessAmEx credit spending slump eclipses profit beat, shares fall ReutersNiket NishantSohini Podder 2 minutes read Credit cards of American Express are photographed in this illustration picture in this March 17, 2016, file photo. REUTERS/Kai Pfaffenbach/Illustration American Express Co (AXP.N) said travel and entertainment-related spending on its cards halved in the first quarter as customers stayed at home due to the COVID-19 crisis, overshadowing a better-than-expected profit and sending its shares down 4%. Cross-border travel restrictions and a resurgence of COVID-19 cases in several pa...

Updated / Friday, 23 Apr 2021 14:15 The outlook for credit card companies is improving as government stimulus and vaccine rollouts fuel an economic recovery American Express exceeded its quarterly profit estimates today as it released more than $1 billion worth of funds it had set aside to cover potential coronavirus loan losses. The outlook for card companies is improving as government stimulus and vaccine rollouts fuel an economic recovery. This is helping the industry recover from a pandemic-driven slump in non-essential consumer spending last year. "We view 2021 as a transition year, whe...

52-week range: $72.61 – $151.46 Dividend yield: 1.19% First up on this list of blue-chip stocks, American Express offers charge and credit payment card products as well as travel-related services across the globe. With significant exposure to the travel and leisure sectors, though, sales have been negatively affected over the past year. The company released Q4 and full-year metrics back in late January. Revenue for the quarter was $9.35 billion, down 18% year-over-year (YOY). That also showed little improvement from Q3. Net income also came to $1.43 billion, meaning a decline of 15%. Dilute...

I expect to be CEO of Tesla for several years, so I think there's still a lot that I'm super excited about doing, and I think it would be hard to leave a lot of these great projects halfway or... | February 7, 2021

What CEOs are saying about Covid-19, leadership and more Representational image . Updated: 06 Feb 2021, 12:21 AM IST The Wall Street Journal The leaders of Microsoft, Exxon Mobil and UPS, among others, describe how business is evolving during the coronavirus pandemic Share Via Read Full Story This is what some of the world’s corporate leaders have said recently on issues ranging from Covid-19 to the evolution of tech. POST-PANDEMIC 1 min read Laxmi Organic IPO share allocation, grey market premium. How to check status 1 min read Transacting at a non-home branch of SBI, HDFC, ICICI? Know t...