American Express Reports Earnings on July 24. Here’s Why Card-Fee Growth Matters More Than Spending This Quarter.
American Express (AXP +1.11%) stock has been sliding this year as the market continues to worry about interest rates, inflation, oil prices, and how they’re going to impact the economy. The Warren Buffett favorite, though, continues to demonstrate growth and momentum. Are the worries unfounded? Here’s why card-fee growth matters more than spending growth right…