Amex Earnings Top Estimates as Platinum Card Demand Surges

American Express Co. reported earnings that beat expectations after unveiling the long-anticipated Platinum credit card refresh last month.

The company best known for its premium credit cards reported $421 billion in billed business, or transaction volume on credit cards and other products issued by Amex, for the third quarter. Analysts had expected the New York-based company to report billed business totaling $415.2 billion.