Amex Growth Plan Remains Intact Amid Strong First-Half Results

At the Barclays 24th Annual Global Financial Services Conference, American Express executives reported that their growth plan remains on track. The company's first-half revenue increased by 10% on an FX-adjusted basis, while earnings per share (EPS) rose in the mid-teens.

The strong results were driven by steady spending and rising card fees, which grew 16% year-to-date. American Express also raised its full-year revenue guidance to about 10%, with EPS growth expected to remain in the mid-teens.

International markets, younger cardmembers, and premium products are central to the company's long-term growth plan. Credit quality remained strong, with Gen Z and Millennial customers showing delinquency rates well below the industry average.