Amex Spends Surge, Stock Wobbles | Business and Finance News

American Express saw a record $455.8 billion in cardholder spending last quarter — a 10% year-over-year surge — yet its stock dipped as investors raised the bar, expecting even more. While revenue missed expectations and expenses jumped 12% due to investments in premium products like the U.S. Platinum card, Amex remains confident, citing strong retention and a surge of new Millennial and Gen Z customers. The company raised its full-year revenue forecast and increased the Platinum card fee — a bold move signaling confidence in its premium brand. Despite short-term market wobble, the underlying spending momentum and inflation-resistant business model point to long-term resilience. Listen in comfort:Get a discount on a Soli Pillow: http://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/515089094666333b