Key Points
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American Express reported a 9% growth in card member spending for Q2 2026, the highest in three years, as well as an increase in revenue expectations, anticipating a 10% rise for the year.
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CEO Greg Abel took over at Berkshire Hathaway on January 1, 2026, and prioritized American Express among its largest holdings, underscoring its growth potential amid portfolio adjustments.
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Despite a 4.3% drop in stock value on July 24, 2026, and an 11.8% decline year-to-date, American Express remains optimistic with an earnings per share forecast of $17.30 to $17.90, aiming for an all-time high.
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