AmEx's Q3 Earnings Shine: Is it Time to Buy or Keep Your Cool?

American Express Company (AXP) recently reported strong third-quarter 2024 earnings, driven by increased card member spending, fee growth, rising net interest income, and a growing Gen-Z and Millennial customer base. Moreover, AmEx increased its 2024 earnings guidance, reflecting resiliency in its core business prospects despite a softer spending growth environment. The strong results reflect AXP's robust business model and the strength of its premium customer base. With solid growth across key financial me ...