Many U.S. consumers might be preparing to make big investments.[@@]
Kenneth Chenault, chairman of American Express Company, New York, gave that assessment Thursday during a financial community presentation.
Chenault focused mainly on the company’s payment card unit, but he also talked about American Express Financial Advisors, Minneapolis.
The current economic environment “has clearly presented challenges for the entire financial services industry,” Chenault said during the presentation, according to a written version of his remarks.