American Express sees credit card spending accelerate, fueling a profit beat and raise

Core Insights - American Express exceeded earnings expectations and raised its outlook due to strong demand for its premium Platinum card [1] Financial Performance - The company reported better-than-expected earnings, indicating robust financial health and effective management strategies [1] Market Demand - There is a notable increase in demand for the higher-priced premium Platinum card, reflecting consumer preference for premium financial products [1]