Subject: Re: Amex excels in Q1
What struck me was the demand from millennials and GenZ. There has been a lot of loose talk about GenZ using new fangled digital payment options and moving away from credit cards. Amex suffered last year and stock price was below $150. Now it is $225.

Amex, Chase et al have enticed new customers with reward cards. Some foolishly carry balances, adding even more to the coffers of the lenders.