American Express' Premium Products Drive Gains -- Market Talk

Dow Jones2025-04-17
 

11:29 ET -- American Express is getting gains from the core of its customer base -- a global premium consumer. The credit-card company's customer base has grown over the past several years and has only gotten more premium over this multiyear period, CEO Stephen Squeri says on a call with analysts. Its current card base is more premium now than it was in 2019, with higher FICOs, too. American Express' demand for its premium products continues to be strong and stable in the March quarter, CFO Christophe Le Caillec says. "These products tend to attract high credit-worthy customers, supporting our model of growing lending while maintaining best-in-class credit performance," Le Caillec adds. (sabela.ojea@wsj.com; @sabelaojeaguix)

 

(END) Dow Jones Newswires

April 17, 2025 11:30 ET (15:30 GMT)

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