American Express benefits from increased spending by Millennials and Gen Z, who prioritize experiences over possessions. Click here to read why AXP is a Buy.

The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $324.82, a high estimate of $350.00, and a low estimate of $301.00. This current average has increased by 9.11% from the previous average price target of $297.70.

American Express' affluent cardholders got comfortable spending more freely again late last year, Chief Financial Officer Christophe Le Caillec told CNBC. Spending on AmEx cards jumped 8% year over year in the fourth quarter after slowing down from a 7% growth rate early in the year to 6% in the second and third quarters,

American Express Co. profits increased 12% as well-heeled consumers spent more than analysts expected on their credit cards over the holidays, a tailwind the firm said it expects will continue.

American Express turned in solid quarterly results Friday, increased its dividend, and highlighted record levels of card member spending. However, investors seemed to be shrug off the positives, sending shares down 3% to $316.

Welcome to the American Express Q4 2024 earnings call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. [Operator instructions] As a reminder,

American Express released its fourth-quarter financial results, aligning closely with market expectations. The company reported earnings per share (EPS) of $3.04, slightly surpassing the consensus estimate of $3.