American Express reported a second-quarter net profit of $3.11 billion, an 8% increase year-over-year, driven by strong cardholder spending and higher net interest income. The company also raised its full-year revenue growth forecast to 10%. In parallel, Verizon announced its second-quarter results, with total revenue at $34.3 billion, a slight decrease of 0.7% year-over-year, but achieved record adjusted EBITDA. The telecom giant also revised its full-year guidance upwards for the second consecutive quarter. AI
RANK_REASON This cluster reports on the financial earnings of two major companies, American Express and Verizon, which are not core AI releases.
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