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American Express Q2 profit rises 8% to $4.53 a share, topping forecasts
Associated Press19d agoneutral
American Express Q2 profit rises 8% to $4.53 a share, topping forecasts

Credit card giant American Express said its second-quarter profits rose 8% from a year earlier, helped by higher spending by its card members, fewer delinquencies and more customers signing up for its premium products like the Platinum Card and Gold Card. The results beat analysts' forecasts, who were looking for AmEx to earn a profit of $4.40 a share, according to FactSet. AmEx continues to benefit from global economic growth that has disproportionately benefited the wealthy and high net worth individuals, as its customer bases skews heavily toward those demographics with the Platinum Card, Gold Card and other high-end credit cards.

American Express shares slip despite earnings beat as revenue falls short of forecasts
InvestorsHub19d agobearish
American Express shares slip despite earnings beat as revenue falls short of forecasts

American Express (NYSE:AXP) shares declined more than 2% in premarket trading on Friday after the financial services company reported second-quarter earnings that exceeded analyst expectations, while revenue came in slightly below market forecasts. Although the company delivered higher profits and raised its full-year revenue growth outlook, investors focused on the modest revenue miss following the quarterly release.

Stocks to Watch: Intel, SAP, Oracle, Volkswagen
The Wall Street Journal19d agoneutral
Stocks to Watch: Intel, SAP, Oracle, Volkswagen

↗️ Intel (INTC): Shares climbed premarket after the chipmaker reported quarterly revenue well above analyst estimates after hours yesterday. ↗️ SAP SE (SAP): Shares in the German software company rose after it reported higher quarterly revenue from its cloud business.

New Home Sales: What to Watch Friday
The Wall Street Journal19d agoneutral
New Home Sales: What to Watch Friday

Today Earnings: American Express, Verizon, Charter Communications, HCA Healthcare, Volkswagen, Canadian National Railway Economic data: Commerce Department data on new home sales for June, S&P flash U.

Walmart shares its quiet plan to take down Amazon
TheStreet19d agoneutral
Walmart shares its quiet plan to take down Amazon

For years, Amazon was my default option when I wanted quick delivery. As a Prime member, I get free two-day delivery, and in many cases, the online giant actually delivers the next day, sometimes even before 8 a.m. That's a bar Walmart wants to raise. Fast Company writer Elizabeth Segran ...

Jim Cramer Highlights Strong Travel Numbers as Fuel for American Express
Insider Monkey19d agoneutral
Jim Cramer Highlights Strong Travel Numbers as Fuel for American Express

On July 21, during CNBC’s Mad Money program, host Jim Cramer used the daily chart analysis by options trader Bob Lang, founder of Explosive Options, to examine American Express Company (NYSE:AXP). Cramer pointed to the company’s distinct cardholder demographic and high-margin annual fee structure, as he highlighted why the premium card issuer remains a long-time […]

Jim Cramer Highlights Visa (V) as Consumer Credit Demand Soars
Insider Monkey20d agobullish
Jim Cramer Highlights Visa (V) as Consumer Credit Demand Soars

During the Tuesday episode of Mad Money, host Jim Cramer discussed the major credit card networks as he noted that consumer spending remains resilient. He began by highlighting the broader economic data and noted that roughly 81% of Americans hold a credit card, averaging three to four cards per consumer, with cardholders using about 29% […]

Ameriprise Financial’s (NYSE:AMP) Q2 CY2026: Beats On Revenue
StockStory20d agobullish
Ameriprise Financial’s (NYSE:AMP) Q2 CY2026: Beats On Revenue

Financial services company Ameriprise Financial (NYSE:AMP) reported revenue ahead of Wall Street’s expectations in Q2 CY2026, with sales up 15.6% year on year to $5.01 billion. Its non-GAAP profit of $11.07 per share was 2.4% above analysts’ consensus estimates.

American Express (AXP) Expands Accor Rewards And Paymode B2B Partnerships
Simply Wall St.20d agobullish
American Express (AXP) Expands Accor Rewards And Paymode B2B Partnerships

American Express (NYSE:AXP) and Accor’s ALL loyalty program have launched a global partnership that introduces points transfer and elite status matching across multiple countries. Separately, American Express is working with Bottomline to integrate the Paymode network into its Business IQ for Payments (BIP) platform, aimed at digitizing and streamlining U.S. B2B transactions. These moves put American Express at the intersection of travel loyalty and B2B payment infrastructure, two areas...