American Express Shatters Profit Expectations Thanks to Affluent Customers – The Future of Small Business Expansion Revealed at Investor Day!
Bengaluru, India – American Express reported a significant surge in first-quarter profit that exceeded expectations, largely driven by its affluent customer base. Despite economic uncertainties affecting its industry peers, the credit card company’s emphasis on high-income consumers has proven to be a successful strategy in weathering the challenging financial landscape. Analysts predict that American Express will unveil initiatives to further attract small businesses during its upcoming investor day. William Blair analyst Cristopher Kennedy highlighted AmEx’s …