AmEx saw increased spending at year-end from younger cardholders, but shares fell 2%.

From CNBC: 2025-01-24 13:33:08

American Express’s affluent cardholders increased spending by 8% in the fourth quarter, driven by millennials and Gen Z users. Older groups were more conservative, with Gen X and baby boomers seeing smaller increases. Travel and entertainment billings rose 11%, contributing to overall growth. AmEx shares fell 2% despite meeting analyst expectations.

Read more: AmEx spending picked up at year-end, thanks to younger cardholders