American Express surpasses EPS forecasts and raises guidance, yet shares fall
American Express Company (NYSE: AXP) surpassed expectations for per-share earnings in its second financial quarter, driven by a growing number of cardholders and robust double-digit growth in card fees. Despite this, the stock experienced a decline. American Express reported earnings of $3.02 billion or $3.49 per share (adjusted) in Q2, significantly higher than $2.17 billion