Amex Soars: Wall Street Surprised by Earnings Beat

American Express stock surged 6% after crushing Q3 expectations, fueled by robust customer spending and strategic partnerships like the one with RewardPay in New Zealand, enabling businesses to pay taxes with Amex while earning rewards. RBC Capital raised its price target, citing strong results and customer loyalty, even after Amex increased its Platinum card fee while adding new perks. Shares hit a 52-week high, rewarding long-term investors who have tripled their money in five years.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.