AXP · Earnings call · 2026Q3T · Full report

OCC Regulatory Enforcement

AMERICAN EXPRESS CO · 2026-10-23 · Importance 35 · Surprise 60

Squeri said the quarter’s adjusted EPS included the unreserved portion of a civil money penalty imposed by the OCC. He said the fine does not affect 2026 guidance, the consent orders impose no asset cap, and remediation costs are not expected to affect 2027 guidance. Le Caillec later said ongoing investments to strengthen risk and controls are in the company’s run rate, with no additional cost impact expected for 2027 guidance.

Key facts

• The OCC civil money penalty does not affect American Express's full-year 2026 guidance; the consent orders impose no asset cap, and remediation costs are not anticipated to affect 2027 guidance.
• Adjusted Q3 EPS included a $0.51 increase in legal reserves, including the unreserved portion of the OCC penalty and a reserve for an anticipated settlement of an unrelated matter.