Welcome to our dedicated page for American Express Co news (Ticker: AXP), a resource for investors and traders seeking the latest updates and insights on American Express Co stock.
American Express Company (AXP) is a prominent multinational financial services corporation headquartered in New York City. Known for its specialization in payment cards, American Express is one of the most valuable companies globally and a key component of the Dow Jones Industrial Average.
Operating in around 130 countries, American Express provides a variety of charge and credit card payment products to both consumers and businesses. Its business is divided into three main segments: Global Consumer Services, Global Commercial Services, and Global Merchant and Network Services. Beyond its payment cards, the company offers expense management tools, consulting services, and business loans. The merchant payment network operated by American Express is highly profitable, facilitating transactions worldwide.
In recent news, American Express has agreed to sell its subsidiary Accertify to Accel-KKR, a private equity firm. Accertify is known for its advanced fraud prevention, chargeback management, and payment gateway solutions. This strategic move is expected to enable Accertify to accelerate its growth and product innovation in the fraud prevention market as an independent entity.
American Express continues to innovate and expand its services, adapting to the growing digital economy. The company remains committed to providing customers with access to products, insights, and experiences that enrich lives and build business success.
American Express (NYSE: AXP) and Cvent (Nasdaq: CVT) announced enhanced features to the Cvent Event Marketing & Management platform, focusing on payment processing and budget management. Key upgrades include streamlining onboarding, simplifying expense allocation, expanding virtual funding options, and incorporating automated reconciliation to enhance budget visibility. A poll revealed 97% of corporate planners consider meetings more crucial now than pre-pandemic, with 74% expecting their budgets to increase. These improvements aim to meet growing corporate needs for efficient event management.
American Express Company (NYSE: AXP) has welcomed Walter Joseph “Jay” Clayton to its Board of Directors, effective October 5, 2022. Clayton previously served as the Chairman of the U.S. Securities and Exchange Commission from 2017 to 2020. His experience in regulatory and legal matters, along with a strong background in financial markets, positions him as a valuable asset to the Board. Clayton aims to enhance corporate governance and contribute to the company’s growth plan as stated by Stephen J. Squeri, Chairman and CEO.
The Board of Directors of American Express Company (AXP) has declared a quarterly dividend of
American Express Company (NYSE: AXP) is set to host a live audio webcast on October 21, 2022, at 8:30 a.m. (ET) to discuss its third quarter 2022 financial results. Financial results and presentation materials will be posted on its Investor Relations website at approximately 7 a.m. (ET) prior to the call, and an audio replay will be available afterward. Investors and the public can access the webcast via ir.americanexpress.com.
American Express Company (NYSE: AXP) CFO Jeffrey C. Campbell will speak at the Barclays Global Financial Services Conference on September 12, 2022, at 2 p.m. ET. The discussion will focus on the company’s business strategy and financial performance. A live audio webcast can be accessed through the American Express Investor Relations website, with a replay available post-event. American Express is a global payments company that enhances customer experiences and business success.
American Express has kicked off its sponsorship of the 2022 US Open Tennis Championships, providing Card Members exclusive access to complimentary court reservations through a partnership with Break the Love. Card Members can reserve time at over 500 tennis and pickleball courts until September 13, 2022, unlocking peak reservation times. The on-site experience will include immersive activities, American Express Lounges, and unique perks such as a $20 rebate offer on $100 or more spent at the event. The partnership aims to connect more fans to tennis.
American Express (NYSE:AXP) announces The Resy Drive-Thru New York, a culinary event on September 16-17, 2022, at Brooklyn’s Skyline Drive-In. Gold Card Members gain early access to tickets starting August 15, with perks including a 10-course tasting menu from top NYC restaurants. The event reflects consumer enthusiasm for unique dining experiences, with 73% of Gen Z and Millennials willing to spend more on such experiences compared to last year. Tickets are priced at $110 per person.
American Express (NYSE: AXP) launched American Express Global Pay, a new digital solution for U.S. businesses to execute secure domestic and international B2B payments. This platform supports payments to suppliers in over 40 countries and offers benefits such as Membership Rewards points and same business-day delivery for eligible transactions. According to a June 2022 survey, 64% of U.S. small businesses anticipate increased spending abroad, while many cite payment complexity as a barrier. The platform aims to simplify this process with transparent fees and a user-friendly interface.
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