American Express(US:AXP) Xin Lang Cai Jing·2025-12-11 05:06Core Insights - American Express CEO Stephen Squeri reported a 9% increase in U.S. consumer retail spending during the key Thanksgiving holiday week, alleviating concerns about potential weakness in holiday demand [1][3] - The company noted that high-income consumers continue to plan vacations and purchase expensive non-essential items, which helps mitigate the impact of an overall slowdown in the payment industry [4] Retail Spending Trends - From the week before Thanksgiving to Cyber Monday, U.S. consumer retail spending rose by 9%, with platinum retail spending increasing by 13% [1][3] - Overall online spending during the "Cyber Week" (from Thanksgiving to Cyber Monday) grew by 7.7%, according to Adobe Analytics [1][3] Financial Performance Outlook - In October, American Express raised the lower end of its profit and revenue forecasts for 2025 after exceeding Wall Street expectations in Q3 [2][5] - Squeri indicated that the fourth quarter appears to be similar to the third quarter, which is a positive sign for the company [6]