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Amex Projects Resilient Consumer Demand, Anchored by Gen Z and Millennial Growth
- American Express (Amex) is optimistic about the future, standing by its revenue growth and earnings targets for the year.
- Amex's confidence is based on stability in spending, especially among affluent and younger customer segments.
- The company's core strengths, like its fee-based model and premium customer base, have remained strong.
- There is no evidence of a 'pull forward' phenomenon in consumer spending, according to Amex executives.
- Amex emphasizes the resilience of Gen Z and millennial spending, noting growth in international markets.
- Younger consumers are using Amex cards for convenience and rewards, showing disciplined financial behavior.
- The company's premium card base and fee-driven model help insulate it from consumer confidence fluctuations.
- Amex continues to invest in technology, small-business solutions, and new product offerings for long-term growth.
- Despite economic uncertainties, Amex reported growth in revenue and total card member spending.
- Amex remains focused on supporting customers, managing expenses, and strategic investments for sustainable growth.
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