Sell AXP by Jan 8, 2027.

US regulators alleged American Express processed $13 billion in illicit trade-based transactions, dwarfing a recent $350 million fine and raising new questions about future operating costs and growth. While the initial fine gave no details on the conduct, the latest allegation specifies that this substantial sum passed through Amex's systems via misdescribed trade payments. This $13 billion figure represents approximately 1% of American Express's $1,669 billion in billed business for 2025. The $350 million penalty itself amounts to roughly 3% …