Gen Z & Millennials Are Driving AmEx Higher
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 30 January 2023
⏱️ 23 minutes
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| 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. |
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