American Express customers are ‘eating out and enjoying life’ as spending grows 6% - MarketWatch
1. AXP maintained a consistent performance amidst U.S. economic fears. 2. First-quarter revenue rose 7%, slightly above analyst expectations. 3. Card spending grew 6%, with strong performance in dining and travel. 4. Company expects 8%-10% revenue growth and solid earnings per share for the year. 5. Concerns about labor market did not significantly affect AXP's premium customers.