American Express Cardholders Spent $455.8 Billion Last Quarter. Here's What That Means for the Stock.
Amex recently reported its 2026 second-quarter earnings.
Overview
Spending by American Express (NYSE:AXP) cardholders continues to rage, as the company just posted its largest quarter of billed business over the past year.
Billed business volume was $455.8 billion in the second quarter, up 10% year over year and roughly 6.5% from the prior quarter.
Details
Despite strong spending data, American Express stock traded roughly 5% lower, as of 12:42 p.m. ET, after posting second-quarter results.
Source
Originally published at www.fool.com.
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