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Top Stock Alerts @TopStockAlerts1 on x 118.7K followers
Created: 2025-07-18 13:27:27 UTC
$AXP American Express reported a strong second-quarter performance, with X% growth in cardmember spending, up from X% in Q1. Spending in high-value categories surged, with business-class and first-class airline seat purchases up XX% and lodging transactions over $XXXXX rising 9%. Amex added XXX million new cards and saw revenue grow X% to $XXXX billion, surpassing expectations. Earnings per share (EPS) were $4.08, down X% from the previous year, but adjusted EPS would have been up 17%. Amex also reported strong demand for premium products and an increase in card fees. Credit loss provisions grew slightly to $XXX billion, but net write-offs improved to X% from XXX% YoY. Expenses rose 14%, driven partly by increased travel-related benefits use. Amex maintained its full-year outlook, targeting 8-10% revenue growth and EPS between $XX and $XXXXX.
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Related Topics categories $axp stocks financial services