Research Feed
Platinum Refresh Flywheel: AXP's Re-acceleration Thesis
American Express is widening its moat in premium consumer finance through an accelerating flywheel: platinum card refresh beating expectations (retention unchanged at $695, engagement +20-30%), credit quality diverging from peers, and GenAI infrastructure driving operating leverage. The market may b
American Express Platinum Refresh Beats Expectations, Credit Quality Diverges from Peers
American Express disclosed strong execution on its September 2025 Platinum card refresh during its Q4 2025 earnings call, with retention unchanged at the new $695 price point despite a $100 annual fee increase. The filing reveals customer engagement metrics exceeding management expectations: travel