American Express (AXP) shares hit an intra-day record on Friday after a much better than expected third quarter in large part, fueled by millennials and Gen Z cardholders.
The card issuer said spending by millennial and Gen cardholders gained 38%, compared to the third quarter of 2019 excluding the impact of currency fluctuations. Amex said it acquired 2.6 million new card members in the quarter.
Amex CEO Stephen Squeri told Yahoo Finance the younger set has embraced the company’s increased…
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