American Express (AXP) says US consumer platinum spend growth accelerated after the refresh, while retention stayed high after the fee increase took effect

American Express (AXP) reporting that the growth in consumer platinum spending has accelerated post-refresh, with strong retention despite recent fee increases, suggests robust demand for its premium products. This indicates confidence among consumers and could bode well for AXP's revenue trajectory, particularly if trend persistence starts drawing in more high-value clients.