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 (AXP) and Delta Air Lines (DAL) have integrated the Plan It feature, allowing American Express U.S. Consumer Card Members to finance Delta flights of $100 or more at checkout on delta.com. This service caters to the growing demand for flexible payment options, particularly among Gen Z and Millennial travelers; a survey indicates that 68% of this demographic would travel more if they could split payments. Plan It enables customers to divide large purchases into fixed monthly payments, enhancing their travel booking experience.
American Express has launched its first all-digital consumer checking account named Amex Rewards Checking, available to eligible U.S. Consumer Card Members. This account offers a competitive APY of 0.50%, significantly higher than the national rate, along with rewards of 1 Membership Rewards point for every $2 spent on eligible Debit Card purchases. Features include no monthly fees, purchase protection, and 24/7 customer service. This launch enhances American Express's range of consumer deposit products and caters to increasing demand for banking solutions among its members.
American Express Company (NYSE: AXP) will have Vice Chairman and CFO Jeffrey C. Campbell participate in the KBW Fintech Payments Conference in New York on March 3 at 8:45 a.m. EST. Mr. Campbell's discussion will focus on the Company’s business strategy and financial performance. A live audio webcast will be available for the public on the American Express Investor Relations website, along with an audio replay post-event.
American Express Company (NYSE: AXP) has announced a quarterly dividend of $8,875 per share on its 3.550% Fixed Rate Reset Noncumulative Preferred Shares, Series D. The dividend is set to be payable on March 15, 2022 to shareholders who are on record as of March 1, 2022. This reflects the company's commitment to returning value to its shareholders.
American Express Company (NYSE: AXP) reported a strong fourth-quarter performance with net income of $1.7 billion, or $2.18 per share, a 24% increase year-over-year. Total revenues surged 30% to $12.1 billion, driven by record Card Member spending. For the full year, net income reached $8.1 billion, or $10.02 per share, reflecting a 17% revenue increase to $42.4 billion. The company raised its growth aspirations, forecasting 18-20% revenue growth in 2022 and proposing a 20% increase in its quarterly dividend, subject to board approval.
American Express Company (NYSE: AXP) announced it will host an Investor Day on March 16, 2022, at 1 p.m. Eastern. Key executives, including Chairman and CEO Stephen J. Squeri and Vice Chairman and CFO Jeffrey C. Campbell, will present the company's strategic direction, initiatives, and business trends. A live webcast will be available, with additional details to be posted on the American Express Investor Relations website.
American Express Company (NYSE: AXP) has announced a live audio webcast of its earnings conference call to discuss its fourth-quarter and full-year 2021 financial results. The call is scheduled for 8:30 a.m. ET on January 25, 2022, with results to be posted approximately one hour earlier. This event will be accessible via the American Express Investor Relations website. The company emphasizes its role as a global payments provider, offering various financial products and services to enhance customer experiences.
The Board of Directors of American Express Company (NYSE: AXP) has declared a quarterly dividend of
American Express continues to enhance its offerings for small businesses by introducing Kabbage Funding, which provides flexible lines of credit ranging from
American Express (NYSE: AXP) has expanded its partnership with Nova Credit to enhance credit access for immigrants from Brazil, Dominican Republic, Kenya, and Nigeria. This initiative allows newcomers to utilize their international credit history to apply for American Express cards and establish a U.S. credit history. The Credit Passport® technology integrates international credit records into the U.S. application process. Launched in 2019, this service is now available for immigrants from nine countries, aiming to support financial inclusion.
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