American Express (NYSE:AXP) is scheduled to report its second-quarter 2023 results on July 21 before the market opens. The company might have benefited from improved payment volumes and strong loan trends during the quarter.
In a research note to investors on July 13, analyst Jon Arfstrom from RBC Capital suggested that AXP may see moderate year-over-year volume comparisons. However, he believes that the company’s strong customer acquisition activity, value-added card products, and the strength of its customer base will support its fundamentals during the quarter.
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