
American Express’ affluent cardholders got comfortable spending more freely again late last year, Chief Financial Officer Christophe Le Caillec told CNBC. Limited time: Save 25% on NBC News subscription Get exclusive reporting, live Q&As and ad-free reading. Spending on AmEx cards jumped 8% year over year in the fourth quarter after slowing from a 7% growth rate early in the year to 6% during the second and third quarters, according to the firm’s earnings presentation.
Main Idea: American Express said card spending picked up at the end of last year, led by stronger spending from millennials and Gen Z.
Key Points:
Higher card spending can mean more debt and interest costs for households if balances are not paid off.
Stronger spending by millennials and Gen Z could help travel, airlines, and other businesses, supporting jobs and sales.
Rate how each entity in this article affected the American people.
Primary company in the story; its year-end spending growth and outlook are the central focus.
Major customer segment driving the spending pickup, though not a named accountable actor in the usual sense.
American Express chief financial officer quoted on spending trends and the company’s 2025 optimism.
Major customer segment driving the spending pickup, though not a named accountable actor in the usual sense.
Named analyst quoted in a supporting note about AmEx’s outlook, but not central.
Named rival and market comparator for high-end credit cards, but not the article’s main focus.
Named as the source of analyst commentary on AmEx, but only a cited outside voice.
Mentioned as a spending segment for comparison, but only in passing.
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Sign in to commentMentioned as a spending segment for comparison, but only in passing.