Amex Surpasses Expectations with Strong Q2 | Business and Finance News

American Express just smashed Q2 earnings, delivering a 10% revenue surge and beating analyst expectations—thanks to a powerhouse first half, with EPS hitting $4.53 and total revenue soaring to $19.6 billion. Card volume jumped 9% to $455.8 billion, fueled by smart investments in customer offerings. Credit losses dipped to $1.1 billion (down from $1.4 billion last year) as reserves were released, keeping the bad debt rate steady at 2%. The CEO’s bullish: profits will fuel growth, with the Platinum Card leading the charge in the U.S. 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/4e9fd75b01b33383