AmEx CFO says customer behavior looks very similar to what we've seen over the past year
AXP•American Express CFO Christophe Le Caillec said customer behavior remained similar to the past year, with strong and consistent spending growth and low, stable delinquency. He also cited strong takeoff for the Graphite card, while CEO Stephen Squeri said the company was not looking to partner with bigger banks on network deals.
1. Spending and delinquency
American Express CFO Christophe Le Caillec said customer behavior looked very similar to the past year, with strong and consistent spending growth. He said the delinquency rate remained very low and stable and that the Graphite card, launched earlier this year, was seeing strong takeoff.
2. Bank partnerships
CEO Stephen Squeri said American Express was not looking to partner with bigger banks on network-type deals.
