#beating forecasts

NEW YORK | American Express profits jump 22 percent, beating forecasts

NEW YORK— American Express said its third quarter profits jumped by 22 percent from a year earlier, as the credit card giant benefited from a lower tax rate and increased spending on the company’s credit cards.

The New York-based company said it earned a profit of $1.65 billion, or $1.88 a share, which is up from $1.36 billion, or $1.51 a share, in the same period a year ago. The results beat…