AXP American Express Company

American Express (AXP) reported stronger-than-expected Q2 results, topping both earnings and revenue estimates, driven by robust demand and performance across all segments. Furthermore, the company raised its FY2022 revenue outlook but reiterated its earnings outlook. Shares of the credit card company gained 1.9% on July 22 to close at $153.01. AXP's Q2 Beat  The company reported earnings of $2.57 per share, which impressively beat analysts’ expectations of $2.40 per share. However, it was lower than the reported earnings of $2.80 per share in the prior-year period. Meanwhile, revenues gained 30.9% year-over-year to $13.4 billion and also exceeded consensus estimates of $12.4 billion.
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