AXP - American Express Company (AXP) U.S. Financials Payments & CRE Conference (Transcript)
2024-06-12 10:36:05 ET
American Express Company (AXP)
U.S. Financials, Payments & CRE Conference
June 12, 2024 08:45 AM ET
Company Participants
Christophe Le Caillec - CFO
Conference Call Participants
Jeffrey Adelson - Morgan Stanley
Presentation
Jeffrey Adelson
Good morning, everybody. My name is Jeff Adelson, Morgan Stanley consumer finance research analyst. Before we get started, I'm just going to quickly read some disclosures, get them out of the way. For important disclosures, please see the Morgan Stanley Research Disclosure website at www.morganstanley.com research disclosures. The taking of photographs and use of recording devices is also not allowed. If you have any questions, please reach out to your Morgan Stanley sales representative.
So today, we're very excited to welcome Christophe Le Caillec, CFO of AmEx, to our conference. This is your first time joining us.
Christophe Le Caillec
Right. Thank you for the invite.
Question-and-Answer Session
Q - Jeffrey Adelson
Very happy you're here. Why don't we get right into it? So it seems like we can't really go a week without hearing about some news on the slowing discretionary spend from the consumer. I think AmEx, their consumer, the high income consumers continue to hold up here. What's your take on the consumer today, especially, the AmEx versus the broader consumer? And maybe you could just give us a quick update on what you're seeing so far this quarter on trends?...
American Express Company (AXP) U.S. Financials, Payments & CRE Conference (Transcript)