Bloomberg Technology
09 Oct 2026, 13:10 UTC · 2h ago
We Want to 'Dominate' US: Revolut's Storonsky
Impact · against what's priced in
Revolut's US expansion goals are not material catalysts for JPMorgan or American Express. The market already treats the current earnings power of these incumbents as sustainable while discounting structural acceleration, and the entry of a single digital competitor does not undermine their core margin or growth assumptions.
- AXP−0.05
Doesn't touch the price's assumptions
- The price assumes
The 13% net interest margin and low credit losses from the premium-customer ecosystem
The market already prices a sharp deceleration in growth for American Express to 1.6%; a new digital entrant does not change this baseline or the stability of its premium customer ecosystem.
What AXP's price assumes · Sep 4
