Amex Stock Surges on Accelerating Spending Growth and Premium Model

American Express Co. saw its stock price rise by 1.84% to $329.98 on September 3, 2026, as investors showed confidence in the company's premium business model.

The Dow Jones Industrial Average recovered 295 points to 53,061.95 during the same session, with Amazon falling 2.32% and 3M slipping 0.93%.

American Express' revenue engine is based on discount revenue, not interest income, which gives it an advantage over traditional lenders in times of economic uncertainty.

The company's second-quarter earnings report showed a fourth consecutive quarter of double-digit revenue growth, with total network volume generating $19.64 billion in revenue and earnings per share topping the Wall Street consensus.