Amex CFO Jeff Campbell told analysts that while card member spending grew, so did the costs of rewarding those well-heeled cardholders to keep them in the Amex boat. He also made it clear that Costco is increasingly in their rearview mirror as lending offers a...
With Costco increasingly in the rearview mirror, American Express hurdled Street estimates, as members spent more both here and abroad.
July 20, 2017
Amex CFO Jeff Campbell told analysts that while card member spending grew, so did the costs of rewarding those well-heeled cardholders to keep them in the Amex boat. He also made it clear that Costco is increasingly in their rearview mirror as lending offers a runway stretching ahead for growth.
April 20, 2017
With Costco increasingly in the rearview mirror, American Express hurdled Street estimates, as members spent more both here and abroad.
October 19, 2018
American Express posted results Thursday (Oct. 18) that showed increases in card member spending and a boost in lending activity. Overall, billed business gained 8 percent to $294.7 billion, filings showed. Billed business is defined as transaction volume, including cash advances. The company said in its release that total card member spending was up 8 […]
