American Express (AXP) reported better net income than expected and lifted its full-year profit outlook in its third-quarter results Friday morning, following a string of strong reports from several of the country's biggest banks.

The 澳洲幸运5官方开奖结果体彩网:credit card and financial services provider reported $16.64 billion in revenue, up from last year's $15.38 billion and just under the $16.67 billion consensus estimate of analysts compiled by Visible Alpha. 澳洲幸运5官方开奖结果体彩网:Net interest income (NII) came in at $4.01 billion, up from $3.44 billion a year ago and above the $3.92 billion expectation.

Profit rose to $2.51 billion, or $3.49 per share, up from $2.45 billion and $3.30, respectively. Analysts had expected $2.38 billion and an identical $3.30-per-share result as last year. The company also lifted its full-year profit outlook, now projecting 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $13.75 to $14.05, up fro🍬m $13.30 to $13.80 previously.

Shares of American Express fell 4.4% soon after markets opened Friday to $273.31. They are up about 45% since the ඣstart of the year.

American Express Follows String of Strong 🎐Ba𒐪nk Reports

The report from American Express comes after a 澳洲幸运5官方开奖结果体彩网:number of big banks posted better-than-expected earnings over the last week, but also increased their 澳洲幸运5官方开奖结果体彩网:provis💎ions for credit losses (PCLs), as data has shown Americans falling behind on 澳洲幸运5官方开奖结果体彩网:debt like credit cards and 澳洲幸运5官方开奖结果体彩网:car loans.

The card provider also lifted its PCL to $1.36 billion, just above the $1.34 billion analysts had expected.

UPDATE—This story has been updated with 💖the🔯 latest stock price information.