American Express (AXP) stock trades down, here is why

yf_tkr_AXP · 2026-10-24 · Bearish AI sentiment

$AXP $HERE

Shares of global payments company American Express (NYSE:AXP) fell 3.5% in the afternoon session after the company announced plans to eliminate roughly 5% of its workforce, or about 4,000 employees, alongside its third-quarter 2026 financial results. According to CNBC, the cuts are American Express’s first major reduction in about a decade. Chief Executive Stephen Squeri told analysts the company is taking a $336 million restructuring charge to become more agile, and Chief Financial Officer Chri

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