American Express Co (NYSE:AXP)

$ 242.3 3.16 (1.32%) Market Cap: 174.29 Bil Enterprise Value: 170.71 Bil PE Ratio: 19.96 PB Ratio: 6.06 GF Score: 87/100

American Express Co at Goldman Sachs U.S. Financial Services Conference Transcript

Dec 10, 2019 / 04:10PM GMT

Release Date Price: $120.9 (+0.37%)

Transcript

Ryan Matthew Nash

Goldman Sachs Group Inc., Research Division - MD

All right. Up next, we're pleased to once again have American Express. Despite a slightly slower economic backdrop, Amex has continued to deliver peer-leading top line growth as it's leveraged its premium brand and has demonstrated significant pricing power across many of its products. This consistent top line growth has led to Amex continuing to deliver double-digit EPS growth.

Here to tell us more about the strategy for the second time as Chairman and Chief Executive Officer, Steve Squeri. Today's presentation will be fireside chat. So Steve, I thought we'd start big picture. You have a great view of both U.S. consumers and corporates across the U.S. and the globe, both big and small. Can you just give us a sense of what you're seeing across each of those verticals? And how are you thinking about the broader economic factor as we head into 2020?

Questions & Answers

Stephen Joseph Squeri

American Express Company - Chairman & CEO

Yes. So I think what's important to

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