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Amex CEO Says Consumers Still Spending Freely: So Why Is the Stock Sliding? - American Express (NYSE:AXP)

  • American Express reported its fiscal first-quarter 2025 earnings on Thursday, exceeding what analysts predicted.
  • Strong card member spending and higher net interest income primarily drove the company's revenue increase.
  • Total revenue reached $16.97 billion, while GAAP EPS was $3.64, both surpassing analyst estimates.
  • CEO Stephen Squeri said they are keeping full-year guidance for revenue growth between 8% and 10%.
  • Despite positive results, the stock price declined, possibly due to economic uncertainty and tariff concerns.
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American Express’s wealthy cardholders are mostly untouched by tariff jitters

American Express results show that the company's wealthier customers may insulate it somewhat from concerns that tariffs and stubborn inflation have caused.

·United States
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Benzinga broke the news in New York, United States on Thursday, April 17, 2025.
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