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CLAIM #8323 · American Express Company (AXP) · 2023Q1 earnings call · Apr 20, 2023 · due Dec 31, 2023

And then you have the service fee and other revenue line, which is benefiting from travel-related strength. And I think that will continue.

Jeffrey Campbell · CFO

PENDING
graded after results covering Dec 31, 2023 are reported

In context

r any given card to drive that, although it helps. It’s mostly the steady acquisition that Steve talked about; more people are on higher fee-paying cards. Net interest income, as I said, I think our overall loan balance growth will probably continue to be higher than it was pre-pandemic, but moderate a bit as our customer’s kind of get through the process of rebuilding balances. I think – I don’t want to pretend to suggest I can predict exactly what interest rates through the rest of the year. That will have some impact on the growth rate. Although I’d remind you, unlike most banks, we’re – the impact of rates moving one way or another on us is very, very modest. We’re reasonably hedged. There’s a 10-K disclosure about that for anyone who’s interested, but we’re not that heavily impacted. And then you have the service fee and other revenue line, which is benefiting from travel-related strength. And I think that will continue. So, I think as you think about the drivers of revenue growth across the rest of the year, it doesn’t look that different than what you saw in the first quarter. It’s very broad-based, and that’s what gives us confidence. Steve Squeri: Yes. So, I could just say what he said. But let me just take it up a level. And I think that one of the things that we do in looking for opportunities is we try and make sure we’re investing in those opportunities, which have the greatest return. And Jeff said this many, many times on these calls, we have more good opportunities to invest in than we have dollars to invest. And I think nothing is a better example of how good our opportunities – how much better our opportunities have been come than what I – and how I answered the first question for Sanjay in t

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SEC filings for AXP · Claim quote is verbatim from the 2023Q1 earnings call.