American Express CFO says spending picked up at year-end, thanks to millennials and Gen Z

1. AmEx card spending surged 8% year-over-year in Q4 2023. 2. Growth driven primarily by millennials and Gen Z, up 16% in transactions. 3. Travel and entertainment billings rose 11%, indicating strong consumer interest. 4. Billings growth aligns with AmEx's target of 10% revenue growth. 5. Despite positive trends, AmEx shares fell over 2% post-earnings report.