American Express posts strong Q1 earnings as spending growth continues (AXP:NYSE)

American Express (AXP) reported strong Q1 earnings and revenue that surpassed analysts’ expectations, driven by continued spending growth from cardholders. The company reaffirmed its 2026 EPS guidance of $17.30-$17.90 and projected revenue growth of 9%-10%. Higher card member spending, increased net interest income, and robust card fee growth were key contributors to the 11% year-over-year revenue increase.

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