{
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american express exceeds profit expectations as genesys files for ipo

American Express reported a third-quarter profit of $2.51 billion, exceeding Wall Street expectations due to effective expense management, despite a slight revenue miss at $16.64 billion. The company’s focus on affluent customers has allowed it to maintain lower credit loss provisions compared to competitors. In other news, AI leader Genesys has confidentially filed for an IPO in the US, while UBS is selling a 50% stake in Swisscard to American Express.
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United States Dollar UBS SA American Express Company USA Genesys CEO Perplexity AI CEO Jeff Bezos Show more
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04:26 22.10.2024
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