Reported 2 days ago
In a recent CNBC segment, Jim Cramer lauded American Express (AXP), emphasizing its appeal among Gen Z and Millennials, citing a surge in consumer spending with notable increases in restaurant, lodging, and goods purchases. Despite a 16% drop in share price this year due to economic concerns, Cramer is optimistic about AXP's performance, highlighting significant card membership growth and strong execution by the company's leadership.
Source: YAHOO