American Express Profit Tops Estimates on Strong Travel, Entertainment Spending
KONTAN.CO.ID - American Express Co (AmEx) beat Wall Street estimates for first-quarter profit on Friday. Driven by strong spending from its card holders globally as consumer appetite for travel and entertainment reached pre-pandemic levels.
With pandemic restrictions easing and Covid-19 retreating from its peak levels, consumer spending in the United States has been rising for months as Americans make up for lost time traveling, shopping and dining out.
