American Express (AXP), a provider of charge and credit card products, delivered stellar third-quarter results driven by rapid consumer and small business spending, strong credit performance, and a steady rebound in travel and entertainment spending. Shares of the global travel-related services provider jumped 5.4% on the news, closing at $187.08 on October 22. The company reported earnings of $2.27 per share, up 75% year-over-year, and significantly beat analyst estimates of $1.73 per share. Additionally, revenue came in at $10.93 billion, an increase of 25% compared to the year-ago period and also outpaced Street estimates of $10.56 billion.
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