Silas Stein | Photo Alliance | Getty Image
The wealthy card owner of American Express spent a comfortable spending in the latter half of last year, and the CHRISTOPHE Le Caillec, the highest finance manager, told the CNBC.
According to the company’s revenue presentation, spending on the AMEX card increased by 8 % year -on -year after deceleration from 7 % in the fourth quarter to 6 % in the second quarter and third quarter. 。
The year -end pickups were found in all customer segments and regions, especially by millennials and Gen Z users, and the amount of transactions increased by 12 % in the third quarter to 16 %.
The old group has been more restrained with a card. Gen X customers spent more than 7 % in the fourth quarter, but the baby boomers saw only 4 % of Bings rose.
“We have grown very powerfully from Gen Z and Millennials, and we can get a lot of optimism in 2025 by accelerating two percentage points,” said Le Caillec.
He added that the rise in the transaction level has continued until the first three weeks of the year.
It is said that young Americans spend more experience than products, which is reflected in AMEX results. AMEX controls the high -end credit card market by rival card publisher JPMORGAN CHASE.
Travel and entertainment bills rose 11 % in the quarter, but 8 % had services and services. According to Le Caillec, traveling has risen 13 % from the airline’s spending, and the expenditure of business class and first -class airfare has increased by 19 %.
AMEX’s shares decreased by more than 2 % on Friday noon transactions after the company reportedly reportedly reporting revenue and revenue with analyst expectations. New York -based shares have shed tears over the past year and reached a 52 -week high price on Thursday.
William Blair’s analyst led by Christopher Kennedy in a research note and William Blair’s analyst said, “We are encouraged to accelerate Bings. “
