News Analysis
Wealthier consumers continued robust spending in 2024, helping American Express achieve record revenues.
American Express’s Record Revenues Point to Strong Consumer Spending Among Wealthy Customers
A sign showing the American Express logo is seen outside of a bank in Des Plaines, Ill., on Nov. 11, 2008. Justin Sullivan/Getty Images
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”
