Amex Needs Wealthy Spenders to Buck Up and Keep Swiping

Amex Needs Wealthy Spenders to Buck Up and Keep Swiping·The Wall Street Journal
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The affluent American consumer that powers American Express is showing some signs of fatigue. On Friday, Amex said that it now expects around 9% revenue growth in 2024. Amex shares were down around 3% midday Friday, though they are still up close to 50% for the year.

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