American Express 8-K

Summary

Regulatory orders resolving reviews of American Express’s financial crimes compliance program. American Express and its travel services subsidiary consented to a Federal Reserve order, and American Express National Bank (AENB) consented to an OCC order; the orders impose no asset cap.

Key Figures

• AENB civil penalty: $350M to the OCC; a portion was reserved in prior periods, and the penalty does not affect FY2026 guidance.

Guidance

• FY2026 guidance unchanged by the penalty; costs associated with the consent orders are not anticipated to affect 2027 guidance.

Investor Takeaways

• Remediation efforts and any additional fines, penalties or judgments could affect future expenses.