American Express beats Q2 estimates on strong cardholder spending

  • American Express Company (NYSE:AXP, ETR:AEC1) reported better-than-expected earnings for the second quarter, driven by robust cardholder spending and demand for its premium products. Earnings per share (EPS) grew 17% year-over-year to $4.08, beating the Wall Street consensus of $3.87 by $0.21.