Chenault Sees AmEx Overcoming Costco Loss, Sticks to Forecasts
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American Express Co., the lender that’s ending partnerships with Costco Wholesale Corp. and JetBlue Airways Corp., can still attain long-term revenue and profit forecasts, Chief Executive Officer Kenneth I. Chenault said.
“Clearly we face some challenges over the next two years,” Chenault, 63, said Wednesday during his company’s annual investor day in New York. “But I’m confident in our ability to deliver against the objectives we’ve set.”