American Express Q2 profit rises driven by higher spending and fewer delinquencies

American Express has indicated an impressive eight percent growth in profit during the second quarter, largely driven by increased spending from card members and a decline in delinquency rates. The surge in sign-ups for the company's premium offerings showcases their effective customer acquisition strategies. However, it's worth noting that expenses saw a twelve percent rise due to marketing initiatives and product updates, marking a notable investment in future growth.