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OverviewAPI
AmEx reports strong results with record card spending, but keeps profit forecast unchanged, causing shares to drop. Caution about potential slowdown persists despite resilient spending on travel and entertainment. Fastest-growing customer base is Millennials and Gen Z, surging 21% in the US. Rising borrowing costs lead to increased credit loss provisions. CFO Jeff Campbell to step down, succeeded by Christophe Le Caillec.

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