"Amex Sees Surge in Cardholder Spending, Drives Q1 Revenue Growth"

American Express reported a first-quarter revenue increase of 11% year-on-year, driven by higher net interest income and increased Card Member spending, with EPS beating expectations. The company's FY24 outlook reiterated revenue growth of 9% – 11% and EPS of $12.65 – $13.15, despite mixed analyst opinions citing concerns about credit quality and growth deceleration. American Express stock gained 32% in the last 12 months, and investors can gain exposure to the stock via ETFs.