American Express Affirms Guidance, Affluent Clients Spend On (2)

American Express Co. maintained its full-year outlook for revenue growth and profit as its wealthier clientele continue to spend in spite of tariff-induced volatility and uncertainty.

Amex still anticipates full-year revenue growth of 8% to 10% and earnings of $15 to $15.50 per share, the firm said in a statement Thursday, although it cautioned the ranges are “subject to the macroeconomic environment.”

Shares fell as much as 2.3% in New York.

“The Amex customer is acting like the Amex customer has acted,” said Chief Executive Officer Steve Squeri in an interview with Bloomberg. “I’m not seeing anything different or anything ...