AmEx CEO Chenault to Face Investors After Stock's 27% Tumble
- Analysts: Focus on growth, succession in annual presentation
- Lender says shareholders will learn more about reorganization
What Do AmEx Investors Want to Hear From CEO Chenault?
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American Express Co. Chairman and Chief Executive Officer Ken Chenault is about to face investors with big questions.
Speculation that Chenault, 64, might sell the lender to a major bank or announce a leadership change helped nudge the stock up this month before the firm’s annual investor day on Thursday. While analysts aren’t necessarily backing those theories, they’re focused on the underlying driver: concern the biggest credit-card issuer by purchases will struggle to maintain growth amid stiffening competition.