Manhattan’s AmEx Q3 profit beats as spending recovers on appeal among Gen-z

24-10-2021
American Express had handily beaten Wall Street estimates for Q3, 2021 profit

Charlotte's Mastercard-backed AvidXchange valued at $4.6bn in lacklustre Nasdaq debut

18-10-2021
Later last week, Mastercard-backed fintech firm AvidXchange Inc was valued at $4.6 billion in a lukewarm Nasdaq debut

Lower Manhattan’ AmEx beats profit estimates as spending rebounds from pandemic lows

24-07-2021
American credit card giant and financial services provider, American Express Co., had handily beaten second-quarter profit estimates on Friday as spending rebounds from pandemic lows

Manhattan’s American Express profit beats estimate, says credit spending declines

25-04-2021
On Friday, American multinational credit card issuer American Express Co. had beaten analysts' estimate for quarterly profit and revenues

Foster City payment processor Visa being probed over abuse of debit-card dominance

21-03-2021
The US Justice Department had launched a probe on e-payment processing giant Visa Inc. over potential abuse of its debit-card market dominance

Missouri’s Mastercard to delay fee hikes until April next year

17-03-2021
Mastercard Inc., the New York-based payment processing giant, said on Tuesday that the company would delay a slated fee hike at least until April next year

US consumers step up savings, pay off more credit card debts in pandemic-times

09-02-2021
Later last week, data from US Fed had revealed that the US consumers had been stuffing more money into their bank accounts with quarterly deposits climbing to a record high

New York’s AmEx forecasts consumer travel recovery in summer, profit beats estimate

27-01-2021
On Tuesday, American Express Co., the century-old credit card provider had forecasted a sharp uptick in consumer travel spending as early as by this summer

New York’s Mastercard says US holiday retail sales surge 3% amid online shopping boom

27-12-2020
On Saturday, a Mastercard Inc. report published late in the day had revealed that US holiday retail sales surged by 3 per cent on an annualized basis

New York's Mastercard warns of ongoing pandemic-led slowdown as Q3 income falls 28%

03-11-2020
Later last week, the New York-headquarter credit card giant Mastercard Inc. had reported a 28 per cent plunge in its net income over the third quarter of the year

Californian credit card giant Visa Inc. profit tumbles 23% as payment volumes sour

30-10-2020
Late on Wednesday, American multinational credit card giant Visa Inc. had reported a 23 per cent decline in third-quarter profits

New York's AmEx profits plunge 39% as travel spending comes to a standstill

25-10-2020
On Friday, the New York-based credit card giant American Express had reported a stabbing 39 per cent plunge in quarterly profits over Q3, 2020

US credit card spending drops for 6th straight month, consumer borrowing fell $7.2bn

08-10-2020
Late on Wednesday, US Federal Reserve data had revealed that the US credit card spending had fallen for the sixth straight month in a row in August

New York lender Goldman set to purchase GM’s credit card wing for $2.5 billion

04-10-2020
A Wall Street Journal report published late on Thursday had revealed that the Wall Street lender Goldman Sachs had been set to purchase the Detroit carmaker GM's credit card wing at a $2.5 billion buyout deal

US Consumer borrowings rise 3.6% in July; declines in credit card spending persist

10-09-2020
US Federal Reserve said in a statement on Tuesday that the US consumer borrowings had picked up 3.6% in July following a 3.3 per cent rise in June