American Express Q2 Revenue Up 9.4%, Outperforms Industry Peers

American Express reported Q2 revenues of $13.24 billion, up 9.4% YoY, in line with analysts' estimates. However, its stock is down 2.5% since reporting. Bread Financial reported Q2 revenues of $929 million, down 1.1% YoY, falling short of analysts' expectations, but its stock is up 2.6% since reporting. Mastercard, Visa, and Discover reported strong Q2 results, with revenues in line with analysts' estimates and stock prices up an average of 3.5% since reporting.