American Express CEO Says Consumers Keep Spending Despite Economic Uncertainty
Why did American Express (AXP) stock drop after strong Q2 results? Get the details on revenue, spending growth, and costs.
American Express made more money and customers kept using their cards even though people worry about the economy. When a credit card company sees customers spending and paying bills, it's a sign people still feel okay about their money right now.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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