American Express earnings increases in Q3 as card members continue to invest

American Express’ third-quarter earnings topped experts’ expectations as the credit card business’s cardholders continue to invest, with numerous holding a balance

NEW YORK — American Express’ third-quarter revenue topped experts’ expectations as the credit card business’s cardholders continue to invest, with lotsof holding a balance.

American Express made $2.51 billion, or $3.49 per share, for the duration ended Sept.30 That compares with $2.45 billion, or $3.30 per share, a year earlier.

The efficiency beat the $3.27 per share that experts surveyed by Zacks Investment Research were calling for.

Revenue amountedto $16.64 billion, conference Wall Street’s pricequotes.

The business assoonas onceagain benefited from its card members — who tend to be wealthier and less exposed to financial variations — continuing to invest on their cards, desp