Spending Growth at Highest Rate in 3 Years! Yet American Express Experiences a Setback!
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Sales growth misses market expectations: Despite a 10% increase, quarterly revenue fell slightly short of consensus estimates Weakness in medium-sized businesses and one-off effects: Stock drops 4.3% due to lower net interest income and headwinds in the corporate client business Outlook raised: American Express raises its revenue forecast for the full year and reinvests profits directly into new customers and technology The US credit card company American Express (AXP) presented its balance sheet for the second quarter on July 24, 2026....
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