American Express CEO says his business is in great shape because its wealthy Gen Z clients aren't hurting at all

American Express CEO says his business is in great shape because its wealthy Gen Z clients aren't hurting at all

American Express is in great shape even as the outlook of the global economy remains shaky. CEO Stephen Squeri said total billed business on AmEx cards jumped 7.5% year-over-year and new-card growth was fueled by Gen Z and Millennial customers, who made up the bulk of new customers. The world economy is looking increasingly uncertain, but American Express’ CEO says its wealthy customers are doing just fine. The financial services company on Thur…

American Express' wealthy cardholders are mostly untouched by tariff jitters

American Express’ affluent cardmembers are showing few signs of curbing their spending, and younger customers drove growth in first-quarter transaction volumes, Chief Financial Officer Christophe Le Caillec told CNBC.

American Express CEO says his business is in great shape because its wealthy Gen Z clients aren’t hurting at all

American Express is in great shape even as the outlook of the global economy remains shaky. CEO Stephen Squeri said total billed business on AmEx cards jumped 7.5% year-over-year and new-card growth was fueled by Gen Z and Millennial customers, who made up the bulk of new customers. The world economy is looking increasingly uncertain, but American Express’ CEO says its wealthy customers are doing just fine. The financial services company on Thur…

American Express cardholders still spending despite Trump tariffs - Los Angeles Weekly Times

American Express‘ affluent cardholders are showing few signs of curbing their spending, and younger customers drove growth in first-quarter transaction volumes, Chief Financial Officer Christophe Le Caillec told CNBC. Billed business on AmEx cards rose 6% in the period, or 7% when adjusted for the impact of the leap year, the company reported Thursday, which shows that the bump in spending late last year continued into 2025, according to Le Cail…

American Express’ wealthy cardholders are mostly untouched by tariff jitters

American Express American Express‘ affluent cardholders are showing few signs of curbing their spending, and younger customers drove growth in first-quarter transaction volumes, Chief Financial Officer Christophe Le Caillec told CNBC. Billed business on AmEx cards rose 6% in the period, or 7% when adjusted for the impact of the leap year, the company reported Thursday, which shows that the bump in spending late last year continued into 2025, ac…