meta_pixel
Tapesearch Logo
Log in
Motley Fool Hidden Gems Investing

Gen Z & Millennials Are Driving AmEx Higher

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.33.1K Ratings

🗓️ 30 January 2023

⏱️ 23 minutes

🧾️ Download transcript

Summary

If American Express had a problem with an aging demographic, it looks like that problem is being addressed. (0:20) Jason Moser discusses: - Shares of AmEx popping 15% in two days off of strong guidance for 2023 - How younger customers are the majority of the company’s growth story - Why he’s going to be watching Amazon’s revenue when it reports earnings on Thursday (11:00) Tim White and Tim Beyers discuss the implications of Microsoft’s $10 billion investment in ChatGPT. Companies discussed: AXP, GS, AMZN, MSFT, GOOG, GOOGL Host: Chris Hill Guests: Jason Moser, Tim Beyers, Tim White Producer: Ricky Mulvey Engineers: Rick Engdahl, Tim Sparks Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

It's time to dig into that chatbot everyone's talking about.

0:08.5

Motley Fool Money starts now.

0:11.2

I'm Purcell, joining me in our brand new studio.

0:17.3

It's Motley Fool Senior, unless Jason Moser.

0:19.4

Good to be here with you.

0:20.4

It's a beautiful day.

0:21.4

It's a beautiful day.

0:22.4

It is a down day for the market at the moment, but shares of American Express continue

0:28.8

to rise.

0:29.8

Fourth quarter profits in revenue were a little bit lower than analysts were expecting,

0:34.3

but the guidance that AMX put out for the new fiscal year was pretty strong and between

0:39.7

Friday, which is when we got these results and today shares of American Express up 15%.

0:46.0

This is the best run in the short term that this company's had in a while.

0:51.5

Yeah, you don't see a business like this make that kind of move in such a short period

0:57.8

on typically.

0:58.8

But I do think the theme here for the quarter for the year, the US consumer hung in there.

1:06.1

For the quarter for the year versus the other sides of the business, the commercial services

1:11.2

side, the international side.

1:12.2

There were some currency effects that played in the international side of the business,

1:16.4

but they just continue to build itself into a brand that resonates beyond just the lifestyles

1:23.2

of the rich and famous, which is what they were known for for so long.

1:27.4

I'm going to save you my Robin Leach impression in the listeners as well.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from The Motley Fool, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Motley Fool and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.