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Amex Expenses Surge 12% as Marketing Costs for Cards Rise
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-Ben Elliott, Bloomberg Intelligence Consumer Finance Analyst, discusses earnings from American Express. American Express Co. said second-quarter expenses surged 12% as it spent more on marketing to attract and retain premium cardholders. Chief Financial Officer Christophe Le Caillec anticipates marketing expenses to be up around 10% in the second half of 2026 from the same period a year earlier.
-Kunjan Sobhani, Bloomberg Intelligence Senior…
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