EPS Growth ExpectationsAmerican Express's management appears to be softening expectations for mid-teens year-over-year EPS growth, indicating potential challenges ahead.
Marketing And Rewards ExpensesConcerns were raised about the potential increase in marketing and rewards expenses in the second half of the year, which could impact American Express's profitability.
Premium Card CompetitionPremium card competition appears to be increasing, with Chase entering the Super-premium business card space.