American Express Blows Past Earnings Estimates, and There's More to Come

·3-min read
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.

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