AmEx Raised Its Profit Forecast and Announced Layoffs on the Same Day

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  "signal_type": "news",
  "signal_subtype": "sells_assets_to",
  "detected_at": "2026-10-24T14:10:00+00:00",
  "company": {
    "name": "American Express",
    "domain": "americanexpress.com"
  },
  "data": {
    "url": "https://247wallst.com/investing/2026/10/24/amex-raised-its-profit-forecast-and-announced-layoffs-on-the-same-day/",
    "title": "AmEx Raised Its Profit Forecast and Announced Layoffs on the Same Day - 24/7 Wall St.",
    "assets": "stake in Global Business Travel Group",
    "ticker": "NYSE:AXP",
    "excerpt": "American Express beat earnings expectations and lifted its profit forecast, then disclosed plans to eliminate thousands of jobs on the same call. What spooked investors had less to do with the cuts themselves and more to do with what the… On October 23, 2026, American Express ( NYSE:AXP | AXP Price Prediction ) raised its full-year profit forecast. On the earnings call that same morning, it said it would cut about 5% of its global workforce. Full-year 2026 GAAP earnings per share guidance rose to $18.30 to $18.60, from a prior range of $17.30 to $17.90. The cuts come to roughly 3,500 jobs out of about 78,000 workers worldwide. Investors weighted the cuts and slower spending growth more than the higher forecast. Shares fell 3.68%, or $11.95, to $313.22. That leaves the stock down 14.39% for the year, with a market cap of $211.52 billion. The signed and disclosed part is a $336 million pretax restructuring charge, or $0.37 per share. AmEx did not say which units or countries will lose jobs, or when the cuts will be finished. It also did not say how much the cuts will save or whether those savings are already in its plans for next year. At year-end 2025, about 50,900 of its employees worked outside the U.S. and about 25,900 worked inside it. A nonrecurring item drives much of the GAAP raise: a $982 million pretax gain on selling AmEx’s stake in Global Business Travel Group (...",
    "summary": "American Express recognized a $982 million pretax gain on selling its stake in Global Business Travel Group.",
    "planning": false,
    "image_url": "https://247wallst.com/wp-content/uploads/2018/06/american-express.jpg",
    "confidence": 0.85,
    "published_at": "2026-10-24T14:10:00Z",
    "article_sentence": "A nonrecurring item drives much of the GAAP raise: a $982 million pretax gain on selling AmEx’s stake in Global Business Travel Group ( NYSE:GBTG ), worth $1.11 a share.",
    "amount_normalized": 982000000,
    "related_company_name": "Global Business Travel Group",
    "related_company_domain": "amexglobalbusinesstravel.com"
  }
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curl -X POST https://signals.autobound.ai/v1/companies/enrich \
  -H "X-API-KEY: $AUTOBOUND_API_KEY" \
  -H "Content-Type: application/json" \
  -d '{"domain":"americanexpress.com","limit":20}'