American Express Co. said Friday that it saw an all-time high in spending through its card products during the latest quarter as consumers continued to pay up for travel and entertainment experiences.
Amex’s AXP network volumes grew 8% in the second quarter, to $427 billion, while revenue net of interest expense jumped to $15.05 billion from $13.40 billion, a 12% bump. Revenue fell short of the FactSet consensus, however, which was $15.41 billion.
The…
