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The four financial services companies that reported results Thursday (April 18) — KeyCorp, Truist, American Express and Fifth Third Bancorp — faced investors against a backdrop of fresh tariff headlines, stubborn inflation and a rate path that is anything but clear. Yet the collective tone was anything but gloomy.
American Express's 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. Billed business on AmEx cards rose 6% in the period, or 7% when adjusted for the impact of leap year, which shows that the bump in spending late last year was mostly continuing i...
American Express Company (NYSE:AXP ) Q1 2025 Earnings Conference Call April 17, 2025 8:30 AM ET Company Participants Kartik Ramachandran - Head, IR Stephen Squeri - Chairman & CEO Christophe Le Caillec - CFO Conference Call Participants Sanjay Sakhrani - KBW Mark DeVries - Deutsche Bank Don Fandetti - Wells Fargo Richard Shane - JPMorgan Erika Najarian - UBS Jeffrey Adelson - Morgan Stanley Cra...
American Express Co. maintained its outlook for the full year, citing “steady spend and credit trends” even as fears swirl elsewhere about the state of the U.S. economy.
Cardmember spending, credit performance, and demand for the company's premium products were strong in the first quarter, says Chief Executive Stephen Squeri.
NEW YORK--(BUSINESS WIRE)--American Express Company (NYSE: AXP) today reported first-quarter net income of $2.6 billion, or $3.64 per share, compared with net income of $2.4 billion, or $3.33 per share, a year ago. (Millions, except per share amounts, and where indicated) Quarter Ended March 31, Percentage Inc/(Dec) 2025 2024 Billed Business (Billions) $387.4 $367.0 6% FX-ad...
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