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American Express CEO explains how the company is attracting younger consumers

American Express CEO Steve Squeri told CNBC’s Jim Cramer on Tuesday that Millennial and Gen Z customers made up 60% of new card acquisitions.

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American Express Company (NYSE:AXP) Q1 2024 Earnings Call Transcript

American Express Company (NYSE:AXP) Q1 2024 Earnings Call Transcript April 19, 2024 American Express Company beats earnings expectations. Reported EPS is $3.33, expectations were $2.97. AXP isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Ladies and gentlemen, thank you for […]

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American Express profits jump 34%, helped by jump in new customers, higher spending | News, Sports, Jobs

NEW YORK Credit card giant American Express posted a 34% jump in its first quarter profits on Friday, helped by more customers spending on its namesake card

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American Express profits jump 34%, helped by jump in new customers, higher spending

Credit card giant American Express posted a 34% jump in its first quarter profits on Friday, helped by more customers spending on its namesake cards as well as more customers keeping a balance on the cards. The jump in profits for AmEx came largely from higher cardmember spending on their accounts as well as more balances collecting interest. AmEx takes a small percentage of each transaction spent on their cards as a fee from merchants, which was its primary business model for decades.

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American Express Profits Jump 34%, Helped by Jump in New Customers, Higher Spending

American Express Profits Jump 34%, Helped by Jump in New Customers, Higher Spending
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