(Reuters) -American Express's ( AXP ) first-quarter profit vaulted past Wall Street estimates on Friday, driven by an affluent customer base that increased spending as recession fears receded. Amid a turbulent landscape in which concerns over the financial well-being of lower-income consumers have troubled several lenders, American Express's ( AXP ) clientele has shielded the company from significant impact and...

07:18 AM EDT, 04/19/2024 (MT Newswires) -- Procter & Gamble ( PG ) reported fiscal Q3 core earnings Friday of $1.52 per diluted share, up from $1.37 a year earlier. Analysts polled by Capital IQ expected $1.41. Net sales for the quarter ended March 31 were $20.20 billion compared with $20.07 billion a year earlier. Analysts polled by Capital IQ...

April 18 (Reuters) - Regions Financial ( RF ) reported a near 42% fall in its quarterly profit on Friday as higher deposit and funding costs hurt its interest income from customers, joining a list of U.S. banks facing the same issue. The Birmingham, Alabama-headquartered bank's net income fell to $343 million, or 37 cents per share, in the three...

07:23 AM EDT, 04/19/2024 (MT Newswires) -- Schneider Electric (SNDR) said Friday it is in talks with Bentley Systems for a potential strategic transaction, responding to media reports of the company exploring options including a merger with Bentley. Schneider did not further elaborate on the transaction. It added that its discussions with Bentley are still in the early stages and...