“I would expect 2.8%, maybe 2.9%, but we're going to be in that range. And to your point, credit losses, we expect stability from where we are now for the balance of the year.”

In context

“the balance of the year. A big driver of the reserve is going to be the delinquency levels, right. Those card members that are showing signs of -- signals of stress early on. The delinquency improvement in the quarter, there is seasonality in that improvement, right. And so we expect that delinquency rate is just going to probably tick-up a bit in the balance of the year and that will drive a bit of incremental reserve together with the volume growth that we expect to see. But from a reserve rate standpoint, we are 2.8%. It's a good reference point for what to expect for the balance of year. It might increase a little bit. We'll see. It's hard to predict where CECL is just going to land exactly at the end of Q4, but it's a good guide in terms of what to expect for the balance of the year. I would expect 2.8%, maybe 2.9%, but we're going to be in that range. And to your point, credit losses, we expect stability from where we are now for the balance of the year. Operator: Thank you. The next question is coming from Mark DeVries of Deutsche Bank. Please go ahead. Mark DeVries: Yeah, thanks. As I think you pointed out, it is pretty unusual for you to let a gain like the Accertify gain fall to the bottom line. And I realize you don't give 2025 guidance, but Steve, just kind of wondering if you still expect to target that mid-teens EPS growth off this higher 2024 EPS level? Stephen Squeri: Well, I'm actually glad you asked that question because it is a one-time gain. And so as we do give guidance for next year, we certainly do expect to be in that mid-teens EPS range. However, we will be -- and we'd expect that people would adjust for that one time gain. I think by calling out that one time gain the way that we have and not using it within the busine”