Credit PerformanceCredit performance is weaker than typical seasonality, with higher losses potentially dampening sentiment for shares given the premium valuation relative to other card issuers.
Revenue GrowthRevenue growth forecast for 2024 has been lowered to around 9%, which may disappoint investors accustomed to higher performance.
Share Price ExpectationsUnachievable 2025 expectations are baked into the share price, including for EPS and revenue growth, which are likely to be missed.