Market ExpectationsUnachievable 2025 expectations are baked into the share price, including for EPS and revenue growth, which are likely to be missed.
Revenue GrowthRevenue growth forecast for 2024 has been lowered to around 9%, which may disappoint investors accustomed to higher performance.
Valuation ConcernsAmex is trading near 10-year highs and at a 60% premium to card-issuing peers.