The USAA and American Express, the two biggest USAA players, are both getting ready to take a step back.
Both are on pace to post profits of more than $100 billion in 2021, the most recent year for which figures are available, while the USAA, the industry’s largest, is looking for a boost in revenue.
USAA said Wednesday that it expects earnings to be $2.8 billion higher in 2021 than the same year a year ago, but will face “challenges” in 2021 because of the recession and other challenges.
American Express is still growing, though it said it’s focused on growth in the business.
But analysts expect the two firms to struggle.
They are on track to post earnings of less than $3 billion in 2020, down from $5 billion a year earlier, according to a report from Morningstar.
The companies will have to cut costs, or increase revenue, or both.
USAAA and American are the two most important players in the USaa business, but they both face challenges.
The USAA earnings are driven by the increased use of the company’s own payment systems, and its growing presence in China.
USaa is also focused on increasing the number of credit card accounts in the country, which has helped drive growth.
American Express has been trying to diversify away from its traditional credit card business, which relies on traditional methods of payment.
USAA is now expanding its payments and services business to include mobile payments, as well as mobile payments for travel.
But analysts say it’s still unclear how American Express will compete with USAA as it grows.
“The challenge for USAA is it’s in the middle of the growth cycle of USAA.
It’s really a one-trick pony,” said Jim McBride, an analyst at research firm Gartner.
McBride noted that USAA has had a good start, but it’s been hampered by the downturn in the financial markets and the lack of a solid return for its shares.
Analysts expect USAA to miss its 2020 targets and will see its quarterly earnings decline to $1.6 billion from $2 billion a quarter earlier.
While American Express may be the most successful of the three USAA models, analysts say the industry will likely remain a leader in the near future.
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