American Express Sees Activity 'In Many Cases, Better Than What We Saw in 2024' -- Market Talk

Dow Jones04-17

1049 ET - American Express added 3.4 million new cards in the latest quarter, and "as in past quarters, millennial and Gen Z consumers made up over 60% of new consumer accounts acquired globally in Q1," CEO Stephen Squeri says on a call with analysts. Squeri adds that card members have high incomes, high spending habits and excellent credit profiles. Overall, while the level of macroeconomic uncertainty has increased, the activity that American Express sees across its customer base "is consistent with and, in many cases, better than what we saw in 2024," Finance Chief Christophe Le Caillec adds. (sabela.ojea@wsj.com; @sabelaojeaguix)

(END) Dow Jones Newswires

April 17, 2025 10:49 ET (14:49 GMT)

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Squeri adds that card members have high incomes, high spending habits and excellent credit profiles. Overall, while the level of macroeconomic uncertainty has increased, the activity that American Express sees across its customer base \"is consistent with and, in many cases, better than what we saw in 2024,\" Finance Chief Christophe Le Caillec adds. 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Squeri adds that card members have high incomes, high spending habits and excellent credit profiles. Overall, while the level of macroeconomic uncertainty has increased, the activity that American Express sees across its customer base \"is consistent with and, in many cases, better than what we saw in 2024,\" Finance Chief Christophe Le Caillec adds. 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