American Express's stock price fell, and the transaction volume of credit cards and other products previously announced by the company fell short of analysts' expectations. Credit card spending in the third quarter was US$454 billion, lower than the forecast average of US$456.9 billion. The company said that withdrawing from some small business co-branded card cooperation projects had an impact on performance. However, as affluent consumers continue to increase their high-end credit card spending, American Express raised its full-year profit guidelines. The company said in a statement on Friday that it expects 2026 earnings per share of $18.30 to $18.60, compared to the previous forecast of $17.30 to $17.90. Third-quarter adjusted earnings per share were $4.68, above analysts' average expectations of $4.49.

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