first-quarter profit vaulted past estimates on Friday thanks to its affluent customers, and the company is looking to broaden its appeal among small businesses, the details for which are expected to be laid out at its investor day.
“You’re seeing some softness in SME. As SME comes back, which we look as an opportunity down the road, that will drive some stronger spending,” CEO Stephen Squeri said. CEO Squeri said AmEx will discuss its strategy for its premium consumer base and small business space in the U.S. at its investor day on April 30.
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