American Express Tops Estimates as Consumers Continue Spending
1. AXP reported Q1 EPS of $3.64, beating expectations. 2. Revenue grew 7% YoY to $16.97 billion, above forecasts. 3. Consumer spending remained strong compared to 2024 performance. 4. Bank of America upgraded AXP to 'buy', citing resilience. 5. AXP shares rose slightly post-report, down 15% YTD.