AmEx is the latest credit card issuer to note a shift in how consumers are treating themselves. https://t.co/iR07xE81GZ ...

American Express has long benefited from a focus on wealthier customers who appreciate the credit card company's travel and dining perks.That has helped insulate the company from concerns over a spending slowdown. In the second quarter, total spending on Amex cards jumped 7%, matching the first quarter and higher than the 6% increase a year ago.But travel spending in the quarter was weaker than transactions for goods and services, and that's specifically because airline spending has stalled out, coming in f ...

American Express (AXP) reported $17.86 billion in revenue for the quarter ended June 2025, representing a year-over-year increase of 9.3%. EPS of $4.08 for the same period compares to $3.49 a year ago.The reported revenue represents a surprise of +0.95% over the Zacks Consensus Estimate of $17.69 billion. With the consensus EPS estimate being $3.86, the EPS surprise was +5.7%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stre ...

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Financial Data and Key Metrics Changes - Revenues reached a record $17.9 billion, up 9% year over year [5] - Earnings per share (EPS) was $4.8, up 17% excluding last year's gain from the sale of Certify [5][14] - Total card member spending increased by 7%, consistent with previous patterns [6][15] - The company reaffirmed its full-year revenue growth and EPS guidance provided in January [6] Business Line Data and Key Metrics Changes - Spending in travel categories like airlines and lodging was softer overall, while restaurant spending was strong, up 8% FX adjusted [15] - The U.S. Consumer business saw millennial spending up 10% and Gen Z spending growing around 40% [16] - New card acquisitions totaled 3.1 million in Q2, with 1.5 million in the U.S. Consumer business [18] Market Data and Key Metrics Changes - International business continued to grow in double digits, up 12% FX adjusted [16] - The premium products drove around 80% of growth in card member revolving loans [19] - Delinquency rates remained low, with U.S. millennial and Gen Z customers showing better credit performance than older age groups [20] Company Strategy and Development Direction - The company is focusing on refreshing its U.S. Consumer and Business Platinum cards this fall to maintain leadership in the premium card space [7][12] - The strategy includes enriching value propositions with more benefits and offerings, attracting premier partners to enhance customer value [10][12] - The competitive landscape has shifted towards partner-rated value, access, experiences, and superior customer service [8][9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of the business model despite macroeconomic uncertainties [15] - The company anticipates continued strong performance in the premium card segment, supported by a growing addressable market [12][28] - Management acknowledged the competitive environment but emphasized the importance of delivering value to maintain pricing power [46][67] Other Important Information - The company returned $2 billion of capital to shareholders, including $600 million in dividends and $1.4 billion in share repurchases [27] - The CET1 ratio was 10.6%, within the target range of 10% to 11% [26] Q&A Session Summary Question: How does the company plan for intermediate term spending trends? - Management expects spending trends to remain consistent, with some softness in airline and lodging but resilience in goods and services [31][32] Question: How does the company view competition in the premium card space? - Management believes that competition has been beneficial for customers and that as long as value is delivered, pricing power will remain intact [46][67] Question: What is the outlook for international growth and acceptance? - Management is optimistic about international growth, noting double-digit growth and ongoing improvements in merchant acceptance [58][60] Question: How does the company address concerns about lounge access and overcrowding? - Management is expanding lounge sizes and innovating with new concepts to manage demand effectively [77][78] Question: How does the company view the dynamics of net card fee growth? - Management expects some moderation in card fee growth rates in the second half of the year, with potential acceleration in 2026 [105][106]

Financial Performance - Revenue growth was 9%, reaching $17.856 billion, compared to $16.333 billion in the prior year [7] - Adjusted EPS increased by 17% to $4.08, up from $3.49 in Q2'24, excluding the Accertify gain [5, 7] - Net income decreased by 4% to $2.885 billion [7] - The company reaffirmed its full-year guidance of 8-10% revenue growth and $15.00-$15.50 EPS [5] Billed Business - Total billed business grew by 7% year-over-year (FX-adjusted) [9] - U S Consumer Services billed business also increased by 7% year-over-year [12] - International Card Services billed business grew by 12% year-over-year (FX-adjusted) [17] - Commercial Services billed business increased by 2% year-over-year (FX-adjusted) [14] Credit Metrics - The net write-off rate for Card Member Loans was 2.2% [67] - The net write-off rate for Card Member Receivables was 1.4% [67] - Total provision increased by 11% year-over-year, driven by a larger net reserve build and higher net write-offs [77] Capital and Guidance - The company's CET1 ratio was 10.6% [53] - The company projects an EPS of $15.00 - $15.50 for 2025 [56]

Whenever the average is near their all-time highs, even after it's pullback, all sorts of people come out of the woodwork to claim that great stocks have become overvalued. But sometimes these stocks have a lot more room to run. Take Capital One Financial, the bank with a huge credit card business that we own for the Chapel Trust, which you can join by uh with you can follow along by joining the CBC investing club.Now, since we first bought this one for the trust on March 6, we're already up over 28%, but w ...

Whenever the average is near their all-time highs, even after today's pullback, all sorts of people come out of the woodwork to claim that great stocks have become overvalued. But sometimes these stocks have a lot more room to run. Take Capital One Financial, the bank with a huge credit card business that we own for the Chapel Trust, which you can join by uh with you can follow along by joining the CBC Investing Club.Now, since we first bought this one for the trust on March 6, we're already up over 28%. Bu ...

When you think of a great dividend stock to own, you're probably thinking of one that yields a high rate of return. But focusing on yield alone can be a mistake. It can lead you down a path where you buy a stock with a risky payout, and you could overlook promising dividend stocks simply because their yields don't look all that high right now.Three stocks with yields that are less than 2% but that have been increasing their dividends at high rates in recent years include Eli Lilly (LLY -1.06%), TJX Companie ...

Hey, good morning Frank. So, you know, as you know, JP Morgan disrupted the credit card industry nearly a decade ago with a Sapphire Reserve. When it came on the scene, it was so viral that they ran out of the metal for the cards.Now, the credit card company is trying to push the envelope further by going upstream up market. So, the the credit card fee, the annual fee, this is the headline that everybody caught, is it now $795, which is the highest for any mainstream credit card out there. It's 45% higher t ...