American Express lifts 2026 EPS outlook to $18.30-$18.60 as Q3 revenue rises 9%
Q3 2026 EPS of $5.42 includes a gain on the sale of its GBTG stake; adjusted EPS was $4.68, up 13%, and the net write-off rate eased to 1.8%.
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Q3 2026 EPS of $5.42 includes a gain on the sale of its GBTG stake; adjusted EPS was $4.68, up 13%, and the net write-off rate eased to 1.8%.
The oilfield services group said all regions grew from Q2 2026, led by a partial Middle East recovery, while EPS excluding charges fell 7% from a year earlier to $0.64.
Gold output fell to 1.30 million ounces from 1.42 million a year earlier, but Newmont's realized price rose to $4,317 an ounce and free cash flow reached $1.9bn.
Refining operating income rose to $8.8bn from $1.6bn as the Gulf Coast diesel premium over Brent more than tripled to $72.27 a barrel.
Credit & Insurance raised $35.8bn of the total. Distributable earnings fell 9% year on year to $1.7bn, and Blackstone declared a $1.12 dividend.
Union Pacific's diluted EPS rose 16% to $3.49 in Q3 2026 and Norfolk Southern's 7% to $3.37, though Norfolk Southern's operating ratio worsened to 67.4% from 64.6%.
Revenue rose 19.3% to $16.3bn in Q3 2026 while fuel expense jumped 67.5%. American expects fuel costs to rise by about $2.8bn year on year in Q4.
The airbag and seatbelt maker leaned on India and Chinese carmakers in Q3 2026, cut its margin outlook to the low end of its range and kept organic growth guidance at around 0%.