American Express Stock Shocks Despite Positive Revenue and Earnings

American Express (Amex) shares closed 3.62% lower on Friday. This came as a surprise, as the credit card giant exceeded Q3 profit estimates. The company also announced plans to cut about 5% of its 77,000 global workforce to prepare for AI. Amex is also taking a $336 million restructuring charge tied to the plan. Amex The post American Express Stock Shocks Despite Positive Revenue and Earnings appeared first on BeInCrypto.