Economy · World
American Express reports profit rise amid increased spending
American Express announced a rise in its second-quarter profit, driven by increased customer spending and a decrease in loan delinquencies. Despite robust earnings and a positive revenue outlook, the company's shares experienced a decline, attributed by some reports to rising costs impacting market sentiment. The company reported higher total card spending and quarterly revenue.
How outlets across the spectrum covered it
Left 0 · Centre 3 · Right 0 n = 3
- Centre (3): Business Standard, Mint, NDTV
- International (3): Associated Press, Bloomberg, Reuters