AmEx Soars on Premium Card Demand | Business and Finance News

American Express just smashed Q2 earnings with an 8% profit jump to $3.11 billion, fueled by higher card spending, improved payment performance, and a surge in premium card adoption. The company’s wealth-focused customer base is spending more—average cardholders racked up over $6,700—while AmEx ramps up marketing to fend off rivals like Chase and Citi. Despite 12% higher expenses, they’re boosting annual revenue forecasts and adding 3 million new customers, three-quarters of whom opted for fee-bearing cards—showing their premium strategy is paying off. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/bed0a5ef710cf577