Welcome to our dedicated page for American Express Company news (Ticker: AXP), a resource for investors and traders seeking the latest updates and insights on American Express Company 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) has launched a new initiative allowing U.S. Card Members to donate their Membership Rewards points to humanitarian charities aiding relief efforts in Ukraine and Europe, effective through June 15, 2022. Each dollar value of contributions using points will be matched by American Express. The initiative supports notable charities like UNICEF, American Red Cross, and others. This program builds upon previous efforts, including a $1 million donation for humanitarian aid.
American Express (NYSE:AXP) and i2c Inc. have announced a global agreement to enhance fintech capabilities on the Amex network. This collaboration focuses on creating a seamless platform for fintechs to develop innovative payment solutions worldwide. The Amex/i2c platform offers unique benefits, such as Amex Offers and exclusive ticket access, alongside fraud protection. Notable collaborations include new card offerings in Mexico and Puerto Rico, expanding the reach of American Express in North America and beyond, and enhancing its appeal to financial innovators.
American Express, in partnership with The New York Women’s Foundation, released the 2022 Ambitious Insights study highlighting women's relationship with ambition. The research found that 65% of women consider themselves ambitious, unchanged since 2020. However, only 56% view ambition as essential, a slight decline from 59%. The study reveals a significant confidence gap, with only 32% confident in achieving career ambitions despite 41% valuing them highly. Gen Z women show high aspirations, with 68% prioritizing ambitions. The findings emphasize the importance of support systems for women’s professional growth.
American Express Company (NYSE: AXP) will host a live audio webcast of its earnings conference call at 8:30 a.m. ET on April 22, 2022, to discuss first quarter 2022 financial results. The financial results and presentation materials will be posted on the company’s Investor Relations website at approximately 7 a.m. ET before the call. An audio replay will be available following the call. Investors can access the webcast through American Express Investor Relations.
American Express (NYSE: AXP) announced the continuation of its Backing Historic Small Restaurants Grant Program, providing
American Express (NYSE:AXP) reveals in its 2022 Global Travel Trends Report that consumers are enthusiastic about travel, with 86% planning to spend the same or more than in pre-pandemic years. The report shows a 24% increase in global Card Member bookings in Q4 2021 compared to 2019. Key insights include 74% willing to book trips despite potential cancellations, 62% planning 2-4 trips this year, and 81% seeking brands that support local communities. As travel momentum builds, American Express Travel offers exclusive access and benefits for Card Members.
The Board of Directors of American Express Company (NYSE: AXP) has approved a
American Express (NYSE: AXP) plans to launch a new Centurion Lounge at Hartsfield-Jackson Atlanta International Airport in 2023. This lounge, covering approximately 26,000 square feet, will be the largest in the Centurion Network and will feature outdoor spaces, a modern design inspired by Atlanta's culture, and locally curated dining options. Key amenities will include private telephone rooms, shower suites, and high-speed Wi-Fi. The lounge aims to enhance Card Members' travel experiences, reflecting American Express's ongoing expansion in premium travel services.
American Express (NYSE: AXP) and Resy have launched the 'Every Resy Counts' campaign to promote dining at independent restaurants during March. Each millionth reservation on Resy will trigger financial support for restaurants, including a $500,000 donation to Southern Smoke, a crisis relief organization. This initiative is part of American Express' ongoing support for restaurants impacted by the pandemic, following their prior 'Order In, Help Out' campaign. The goal is to inspire consumers to support local dining venues and help them recover.
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