Record Credit Card Spending Helps American Express Top Revenue, Profit Estimates
1. AXP reported Q2 EPS of $4.08, exceeding analyst forecasts. 2. Revenue increased 9% year-over-year to $17.86 billion. 3. Net interest income rose 12% but was slightly below consensus. 4. Record Card Member spending reached $416 billion, up 7% from last year. 5. Full-year projections remain unchanged, indicating steady growth expectations.