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American Express earnings show continued surge in spending as interest in traveling remains high

Por: MarketWatch Business April 20, 2023

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Amex logged $14.3 billion in total revenues net of interest expense in the first quarter, beating the consensus analyst expectation, which foresaw revenue of $14 billion. In the year-ago period, Amex notched $11.7 billion in quarterly revenue. Chief Executive Stephen Squeri called out “particularly robust” spending on travel and entertainment in Amex’s earnings release. The company benefited from a 16% boost in card-member spending on a... + full article



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