American Express CFO Says Impact Of Fed Rate Cuts On Our Net Interest Income Is Actually Quite Small
Portfolio Pulse from Benzinga Newsdesk
American Express CFO stated that the impact of Federal Reserve rate cuts on their net interest income is minimal.
October 18, 2024 | 1:18 pm
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NEUTRAL IMPACT
American Express CFO indicated that the company's net interest income is minimally affected by Federal Reserve rate cuts.
The statement by the CFO suggests that American Express's financial performance is not significantly impacted by changes in interest rates, which may reassure investors about the stability of its revenue streams.
CONFIDENCE 100
IMPORTANCE 70
RELEVANCE 90