Amex sees strong travel and luxury spending as affluent customers open their wallets

Core Insights - American Express reported steady growth in spending for its fourth quarter, driven by increased retail and travel purchases by cardholders [1] Group 1 - The company experienced growth in consumer spending, indicating a positive trend in customer engagement and economic activity [1] - Cardholders are increasingly leaning into retail and travel purchases, suggesting a shift in consumer behavior towards these sectors [1]