American Express (AXP.US) reports mixed results: Q2 revenue misses expectations, full-year guidance raised, market wary of “high-end” consumer spending momentum peaking

```htmlAccording to Smart Finance APP, while the US economy struggles under the dual pressures of high inflation and geopolitical conflicts, the affluent clientele of American Express (AXP.US) continue to vote with their wallets. This financial services giant, which centers its business on premium credit cards, released a "mixed" quarterly report before market open on Friday—earnings per share were $4.53, beating expectations by $0.13, but revenue was $19.64 billion, slightly missing the expected $19.69 billion. Despite net profit growing 8% year-on-year to $3.11 billion and cardholder spending reaching a three-year high in growth rate, the market responded to the revenue “margin of difference” with a drop of over 3% in pre-market trading.```