American Express Blows Past Earnings Estimates, and There's More to Come
The light is finally shining at the end of dark tunnel of the pandemic for American Express (NYSE: AXP). The premium credit card company took a wallop while its customers took a break from their travel and entertainment spending, but it shifted gears to spur spending in other areas. American Express' revenue increased 33% year over year in the second quarter to $10.2 billion, almost matching 2019 levels.