AmEx raises revenue forecast on resilient card spending
July 22, 2022 at 12:01 PM EDT
July 22 (Reuters) - American Express Co (AXP.N) raised its annual revenue forecast on Friday as consumers, undeterred by decades-high inflation and the threat of a recession, spend heavily on its cards for travel and entertainment. Spending on AmEx cards rose to record levels in the second quarter, … Source
