Amex Crushes Expectations, Despite Stock Dip

American Express crushed Q1 earnings, with revenue up 11% and EPS surging 18%, yet the stock dipped. Spending across categories, including retail, luxury goods, restaurants, and premium airline seats, grew strongly. Despite high gas prices, Amexs premium cardholders showed resilience, with advance travel bookings signaling more spending ahead. The Platinum card fee hike in September will boost profits, ensuring steady gains from loyal high-rollers. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/4b994ea6b6d977b6

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