American Express zooms ahead as Gen Z gets hooked on card rewards
Amex has found that young spenders enjoy perks as much or more than their parents. Now it has to keep them happy.
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Amex has found that young spenders enjoy perks as much or more than their parents. Now it has to keep them happy.
What could be the catalyst for a decline in earnings? If the consumer starts really getting hit.
Spending by younger cardholders rises by 15 per cent over the previous quarter
Credit card giant American Express reported first-quarter results Friday that surpassed analyst expectations, and affirmed its growth projections for the year.
American Express's first-quarter profit vaulted past Wall Street estimates on Friday, driven by an affluent customer base that increased spending as recession fears ebbed. The credit...