American Express (AXP) Earnings Report & Pent Up Travel Spending

<p>American Express (AXP) earnings report indicated $2.73 in EPS and $11.74B in revenue, beating estimates. "I have been expecting American Express (AXP) to show some recovery with travel and entertainment spending. Consumers still seem to be happy to sign up for an American Express credit card even with an annual fee component," says Chris Donat. Next, Michael Miller weighs in on the pent-up demand for travel spending as the AXP stock price is up over 7% year-to-date.</p><p><br></p>