Amex Earnings Top Estimates as Platinum Card Demand Surges

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- Ben Elliott, Bloomberg Intelligence Consumer Finance Analyst, discusses American Express earnings. American Express reported earnings that beat expectations after unveiling the long-anticipated Platinum credit card refresh last month. Initial demand for the revamped Platinum card exceeded the firm’s predictions, with US Platinum account acquisitions doubling from pre-refresh levels.

- Keith Naughton, Bloomberg News Auto Reporter, discusses how car loans have gone from the safest consumer credit products to among the riskiest over the last 15 years as delinquencies rose more than 50%, driven by soaring car prices and rising interest rates.

-Rosalind Brewer, Spelman College Interim President, and Janet Lorin, Bloomberg Higher Education Finance Reporter, discuss the family foundation of Arthur Blank giving $50 million over a decade to four historically Black colleges in Atlanta to help students graduate. The donation will be distributed by Morehouse, Spelman and Morris Brown colleges and Clark Atlanta University, with each institution having high populations of recipients of federal Pell grants.

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