AmEx Raised Its Profit Forecast and Announced Layoffs on the Same Day
Published . Updated .
Covered by 2 outlets: Yahoo Finance, 24/7 Wall St..
Who covered it: Center 1 · Not rated 1. How we rate outlets
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 company quietly left out.
Directly affected
- AXP American Express-4.5%
Named in this report.
Indirectly affected
- No related companies are mapped for this report yet.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| AXPNo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
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AmEx Raised Its Profit Forecast and Announced Layoffs on the Same Day Yahoo Finance
Source: Yahoo Finance
This story
| Company | When | Move | Status |
|---|---|---|---|
| GLD | three days earlier | +3.37% | final price |
| GLD | five days earlier | +3.56% | final price |
| QQQ | three days earlier | +2.99% | final price |
| QQQ | five days earlier | +2.00% | final price |
| SPY | three days earlier | +1.75% | final price |
| SPY | five days earlier | +0.89% | final price |
| TLT | three days earlier | -1.35% | final price |
| TLT | five days earlier | -2.31% | final price |
This story
- Rep. Rohit Khanna bought American Express (AXP) (held by a dependent child), worth $1,001 - $15,000 on 15 Sep 2026. That is 39 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna bought American Express (AXP) (held by a spouse), worth $1,001 - $15,000 on 15 Sep 2026. That is 39 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna bought American Express (AXP) (held by a spouse), worth $1,001 - $15,000 on 17 Aug 2026. That is 68 days before publication. Filed 4 Sep 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
This story
25 out of 100
“AmEx Raised Its Profit Forecast and Announced Layoffs on the Same Day” scores 25 out of 100. The score uses 2 sources.