Quartz·1 min read·medium
American Express posted stronger-than-expected profit but the stock was slipping
✦AI Summary
American Express reported second-quarter earnings of $4.53 per share, exceeding analyst expectations with an 11% profit increase. Despite the strong financial performance, the company's stock price experienced a decline.
The card company posted second-quarter earnings of $4.53 per share, up 11% from a year ago, as card member spending rose 9%
businesseconomy
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