Americans spend again and American Express profit surges

NEW YORK (AP) — American Express Co.’s second-quarter revenue surged as people started spending more at a time when many are getting vaccinated against COVID-19 and feel more comfortable going out to restaurants, shops and entertainment venues again. Revenue, net of interest expense, rose to $10.24 billion from $7.68 billion, bolstered by growth in card member spending. Analysts polled by Zacks Investment Research expected $9.47 billion in revenue.