American ExpressChief Financial Officer, Chief Financial Officer, in the first quarter transactions volumes, have shown some signs of preventing their expenses. Christophe Lee Kalik Tell the CNBC.
According to Lee Killik, the company said Thursday that the business on the bills on the emax cards increased by 6 %, or when the leap was adjusted for the impact of the year, it increased by 7 %, which shows that the confrontation of spending last year continued by 2025.
The trends continue until April, the CFO said, Amid the fears that this month, President Donald Trump’s tariff policies will lead to recession.
The dynamic, which helped Amex’s high expectations for the first quarter’s profit, shows that the company’s wealthy customer base can help influence it with tariffs and anti -inflation concerns. On the other end of the credit spectrum, Synchronous financialWhich offers a store card for dozens of famous retailers, Warned Delivery of costs.
“Despite the news and the environment, there is a lot of stability and strength,” said Lee Calic.
Emeraks have increased by underage card holders, in which thousands of years and generals of General Z are spending 14 % more in the quarter. General X and Baby Boomer card holders showed more caution, which registered a 5 % and 1 % increase, respectively.
Lee Calic said it was difficult to understand whether the cardboards were pulling forward purchases due to the Loming tariff, which has created artificial promotion for the purchase of volume, as JP Morgan’s executives said last week. He added, but some small businesses are doing so to build inventory as their duties increase costs increases.
Airline error
In particular, a category gave Lee Calic confidence that spending trends could be sustainable.
“The restaurant cost has increased by 8 %, the CFO said. “This is the ultimate discretionary cost, it is not something you can take forward, and so it is really a good indication of our card member base and a good indication of confidence.”
According to the company’s earnings, if there was a weak area other than the slowdown by the old Americans, it was in the airline’s transaction. Presentation. After climbing 13 % in the fourth quarter, this category increased only 3 %, or 4 % when adjusting for the leap year.
But when airlines, retailers and other corporations have drawn their income on tariff uncertainty, Emkes worked firmly.
Lee Kelik said he has increased revenue from 8 to 10 to this year and up $ 15 to $ 15.50 per share this year.
In the company’s offer, though, he added a new warning in his guidance: “subject to the economic environment.”
