American Express recently shared a positive second-quarter report that shows the company recording a 31% increase in sale numbers compared to 2021 while also beating the Wall Street estimates with room to spare. This included $13.4 billion in net sales compared to $12.51 billion expected and $2.57 diluted earnings per share vs. $2.39 estimated.

Speaking with Yahoo Finance, Squeri said that these numbers are making it hard for him to recognize that a recession is coming.

“We’re acquiring spending, and we see future travel bookings [strong] so I don’t see it in my numbers at all,” Squeri said. ” … It’s really hard for me to get my head around that in quarter three or quarter four we’re going to have a big slowdown.”

After the company disclosed its Q2 numbers, the Amex stock jumped 6% on Friday morning after closing at $150.21 per share on Thursday. However, the surge proved to be short-lived as the shares dropped to $153.01 by the end of the day.

The post American Express CEO on Recession: “I Don’t See It In My Numbers At All” appeared first on theprimarymarket.com.

American Express recently shared a positive second-quarter report that shows the company recording a 31% increase in sale numbers compared to 2021 while also beating the Wall Street estimates with room to spare. This included $13.4 billion in net sales compared to $12.51 billion expected and $2.57 diluted earnings per share vs. $2.39 estimated.

Speaking with Yahoo Finance, Squeri said that these numbers are making it hard for him to recognize that a recession is coming.

“We’re acquiring spending, and we see future travel bookings [strong] so I don’t see it in my numbers at all,” Squeri said. ” … It’s really hard for me to get my head around that in quarter three or quarter four we’re going to have a big slowdown.”

After the company disclosed its Q2 numbers, the Amex stock jumped 6% on Friday morning after closing at $150.21 per share on Thursday. However, the surge proved to be short-lived as the shares dropped to $153.01 by the end of the day.

The post American Express CEO on Recession: “I Don’t See It In My Numbers At All” appeared first on theprimarymarket.com.