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via finance.yahoo.comBusiness & Companies

American Express earnings show affluent cardholders are not cutting spending despite high interest rates

FROM THE WIRE · FINANCE.YAHOO.COM

American Express earnings show its affluent cardholder base isn’t changing its spending habits even in the face of higher interest rates and sticky inflation. Continue Reading

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralResilient spending by affluent cardholders matters for card revenue and the consumer credit sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The affluent cardholder base is not changing its spending habits.
  2. 02This comes despite higher interest rates and sticky inflation.
  3. 03The item summarizes American Express quarterly earnings.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
American Express CompanyAXPStock324.99 USDMarket closedtoday +0.43%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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