HomeBusinessConsumer ServicesAmerican Express (AXP) Cashing In With Gen Z
American Express (AXP) Cashing In With Gen Z

American Express (AXP) stock is outperforming the stock market this year. “American Express (AXP) consumer purchase social media intent mentions are up 57% year-over-year. This tells us that consumers are spending, but there is a slowdown in the growth rate of spending. Increase on spending for business and leisure travel is good for American Express. Mentions of music festivals, traveling for work, booking a hotel, going to a restaurant, and booking or taking a flight are all up year-over-year,” says LikeFolio’s Megan Brantley. Tom White and Kevin Hincks weigh in on the impact of Generation Z on American Express (AXP) as they amount to 60% of new card holders.

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20 Oct 2022

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