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Barchart
Sushree Mohanty

Amex Is Winning Big With Millennials and Gen Z: Is AXP Stock a Buy Now?

AMEX AXP American Express Millennials Christopher Kennedy Platinum

American Express (Amex) (AXP), the global financial services company, reported another robust quarter. Amex, best known for its credit cards, charge cards, and payment network, proved once again that its premium model and relentless innovation are paying off. In the third quarter, millennials and Gen Z accounted for 36% of total spending, matching Gen X. Amex stock has gained 16.6% year-to-date (YTD), surpassing the overall market index.

Let’s see if AXP stock is a good buy now at current levels.

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