American Express Company

- There is no mention of any current or planned new fundraising through debt or equity in the provided transcript. - The CFO, Christophe Le Caillec, discussed the evolving funding mix, highlighting a shift toward more deposits, which are their most cost-effective and stable funding source. - Approximately 92% of funding currently comes from deposit balances below the FDIC cap. - The company plans to continue returning excess capital to shareholders, indicating strong earnings and capital generation. - No indications of near-term changes or plans for debt or equity fundraising were mentioned.

- The company plans to continue investing to support momentum in 2024, as reaffirmed in their guidance. - They expect to realize a sizable gain from the sale of their certified business and plan to reinvest a substantial portion of that gain back into their business, consistent with prior similar transactions. - Investments include ongoing product refreshes (40 planned for the year), marketing, and international business expansion. - Increased marketing spend planned for 2024 compared to last year, supporting strong customer acquisition and engagement. - Focus on innovation within the Membership Rewards program to enhance value and competitiveness. - Additional capital is being returned to shareholders while maintaining room for reinvestment to support growth aspirations.

- International acceptance and business growth continue strongly, seen as a long runway for future growth. - Full-year 2024 revenue growth guidance is reaffirmed at 9% to 11%. - Billed business growth steady at 7%, with U.S. consumer spending up 8% and international spending up 13% (FX-adjusted). - New card acquisitions accelerating, with 3.4 million added in Q1 and 70% being premium, fee-based products. - Pay over time balances are the fastest growing segment, showing strong performance and efficient growth. - Expect moderate growth moderation in net interest income due to balance growth, but overall revenue trends remain positive. - Marketing spend increased to support growth and card membership engagement. - SME spending growth is currently low (~1-2%) due to macro conditions but acquisition remains strong, signaling potential future recovery. - Long-term strategy includes continued investment in international expansion, premium card growth, and product refreshes to drive demand.

- Full-year 2024 guidance reaffirmed with: - Revenue growth expected between 9% and 11% - Earnings per share (EPS) projected between $12.65 and $13.15 - Q1 2024 EPS increased 39% year over year to $3.33, signaling strong momentum - Operating expenses remain controlled, flat compared to last year, supporting profitability - Net interest income grew 26% in Q1 but expected to moderate through the year - Marketing investments increased to drive premium product engagement and acquisitions - Long-term growth aspirations remain positive, supported by strategies such as product refreshes, international expansion, and premium customer focus - Credit quality remains best-in-class, supporting sustainable earnings growth

The provided pages from the document do not contain any information regarding Current/Expected Orderbook or Pending Orders. The content primarily covers: - International business growth and acceptance. - Cost of funding and pay-over-time product performance. - SME (small and medium-sized enterprise) spending trends. - Card product refreshes and customer engagement. - Financial outlook including revenue growth guidance and marketing investments. - Discussion on loan workout programs and reward expense models. No mention or data about order book status, pending orders, or related commercial order metrics is present on the referenced pages.