American Express’s Q3 earnings call: our top 5 analyst questions

American Express delivered revenue broadly in line with Wall Street expectations and a GAAP profit that exceeded consensus in the third quarter. Management attributed the quarter’s performance to continued strength in its premium cardmember base, robust travel and entertainment spending, and higher net card fees. CEO Steve Squeri acknowledged the impact of a restructuring charge and legal expenses, including a civil penalty from regulators, stating, “the deficiencies cited in the consent order s