Post AmEx (AXP) Q2 Earnings: Buy, Hold or Sell the Stock?

Last week, American Express Company (AXP) reported strong second-quarter 2024 earnings, driven by increased card member spending, fee growth, rising net interest income, and a growing Gen-Z and Millennial customer base. Moreover, AmEx increased its 2024 earnings guidance, reflecting resiliency in its core business prospects despite a softer spending growth environment.Top of FormBefore delving into the underlying reasons for the improved outlook and addressing the critical question of how investors should s ...