In this episode of The Quarterly Briefing, we explore the financial journey of American Express, examining their Q3 2024 performance through earnings call transcripts and 10-Q filings. The discussion highlights Amex's strategic focus on millennials and Gen Z, the success of their revamped Gold Card, and their impressive 10th straight quarter of record revenue. We delve into Amex's approach to premiumization, their global and domestic growth, and how they are managing regulatory challenges. The episode wraps up by emphasizing Amex's adaptability, innovation, and long-term strategy in a dynamic financial landscape.

00:00 Introduction to The Quarterly Briefing

01:19 American Express Q3 2024 Performance

02:05 Millennials and Gen Z Driving Amex's Success

02:59 Amex's Strategic Focus on Dining

03:20 Navigating Economic Challenges

03:58 Credit Metrics and Marketing Spend

05:06 International vs. U.S. Performance

07:41 Regulatory Landscape and Risk Management

09:15 Amex's Financial Health and Capital Position

13:05 Premiumization and Customer Experience

14:38 Adapting and Innovating in a Competitive Market

16:37 Conclusion and Key Takeaways