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Tags: amex ceo steve squeri | recession | consumer spending | american express credit card | inflation

Amex CEO: Cardholder Activity Doesn't Point to Recession

Amex CEO: Cardholder Activity Doesn't Point to Recession
Andrew Landry, center, holds the trophy with Phil Mickelson, left, and American Express CEO Steve Squeri after winning The American Express golf tournament on the Stadium Course at PGA West in La Quinta, Calif., Sunday, Jan. 19, 2020. (AP Photo/Alex Gallardo)

Thursday, 02 June 2022 09:51 AM EDT

American Express Co. does not expect the economy to fall into a recession based on the activity of its card-holders and it does not see credit card delinquencies rising to pre-pandemic levels in 2022, Chief Executive Officer Steve Squeri said on Thursday.

"We can talk ourselves into a recession, I'm just not seeing it with the card base," he said at a financial services conference held by AllianceBernstein.

© 2022 Thomson/Reuters. All rights reserved.


StreetTalk
American Express Co. does not expect the economy to fall into a recession based on the activity of its card-holders and it does not see credit card delinquencies rising to pre-pandemic levels in 2022, CEO Steve Squeri said on Thursday.
amex ceo steve squeri, recession, consumer spending, american express credit card, inflation
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2022-51-02
Thursday, 02 June 2022 09:51 AM
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