American Express delivered robust financial performance with net income reaching $10.1 billion, a 21% YoY increase, while total revenues grew 9% YoY to $65.9 billion. Earnings per share rose 25% YoY to $14.01, supported by an 18% increase in net interest income to $15.5 billion. The company's net interest yield improved to 8.3% from 8.1% previously.The loan portfolio showed mixed performance with consumer loans at $107.6 billion and small business loans at $32.0 billion. Credit quality metrics indicated some pressure, as consumer loan net write-off rates increased to 2.2% from 1.8%, while small business loan write-offs rose to 2.3% from 1.7%. The total reserve for credit losses was strengthened to $6.0 billion, up from $5.4 billion.The company maintained a strong deposit base of $139.4 billion, up from $129.1 billion, with uninsured deposits at $12.4 billion. Management emphasized their focus on sustainable growth amid rising credit costs, while maintaining a robust capital position with a targeted CET1 ratio of 10-11%. The enhanced risk management framework continues to support the company's strategic initiatives.

American Express delivered robust financial performance with net income reaching $10.1 billion, a 21% YoY increase, while total revenues grew 9% YoY to $65.9 billion. Earnings per share rose 25% YoY to $14.01, supported by an 18% increase in net interest income to $15.5 billion. The company's net interest yield improved to 8.3% from 8.1% previously.The loan portfolio showed mixed performance with consumer loans at $107.6 billion and small business loans at $32.0 billion. Credit quality metrics indicated some pressure, as consumer loan net write-off rates increased to 2.2% from 1.8%, while small business loan write-offs rose to 2.3% from 1.7%. The total reserve for credit losses was strengthened to $6.0 billion, up from $5.4 billion.The company maintained a strong deposit base of $139.4 billion, up from $129.1 billion, with uninsured deposits at $12.4 billion. Management emphasized their focus on sustainable growth amid rising credit costs, while maintaining a robust capital position with a targeted CET1 ratio of 10-11%. The enhanced risk management framework continues to support the company's strategic initiatives.