AmEx Card Spending Rises

This is a news story, published by CNBC, that relates primarily to AmEx news.

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American Express

CNBC

•

Business

Business & Economics

American Express CFO says spending picked up at year-end, thanks to millennials and Gen Z

Summary

Nutrition label

87% Informative

Spending on AmEx cards jumped 8% year over year in the fourth quarter after slowing down from a 7% growth rate early in the year to 6% in the second and third quarters .

The pickup was especially fueled by millennials and Gen Z users, who spent more on experiences like travel and entertainment.

AmEx shares fell more than 2% in midday trading Friday after the company reported earnings and revenue that were roughly in line with analyst expectations.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful