American Express reported stronger-than-expected third-quarter earnings, driven by consistent spending from its cardholders, many of whom are holding balances. For the period ending September 30, the credit card giant earned $2.51 billion, or $3.49 per share, compared to $2.45 billion, or $3.30 per share, in the same period a year earlier.

Q3 2024 Earnings Call Transcript October 18, 2024 American Express Company beats earnings expectations. Reported EPS is $3.49, expectations were $3.3. Operator: Ladies and gentlemen, thank you for standing by.