How Would American Express Fare During a Recession?
Economists and experts see some kind of recession playing out over the next six to 12 months.
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Economists and experts see some kind of recession playing out over the next six to 12 months.
This stock is well-positioned at the top of the restaurant industry's food chain.
Spending on travel and entertainment (T&E) by SMEs using American Express corporate cards exceeded pre-Covid figures during the second quarter. In a further sign that SMEs have been leading the recovery in corporate travel, their overall spending reached 108 per cent of the figures recorded in the second quarter of 2019.
American Express shares rose 6% after announcing its financial results for the second quarter of the 2022 financial year.
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