racer7949 Posted October 26, 2021 Share Posted October 26, 2021 AmEx Gets Younger, More Blue Collar “Investors seem a bit concerned about credit cards. …share prices of card companies have mostly fallen or underperformed the broader bank sector since the start of earnings season in mid-October.” ”But American Express defied the gloom, sending its shares 5.4% higher on Friday following its earnings report. One driver might have been its exposure to small-business activity.” “Consumer activity is bifurcated… Younger people … are spending. But “our boomers are not back,” the company said, with third-quarter spending down 6% from 2019 among baby-boomer and older customers.“ TheVig and hegemony 2 Quote Link to comment Share on other sites More sharing options...
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