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 Company (NYSE: AXP) announced the early results of its Exchange Offer for the 3.300% Senior Notes due May 3, 2027, as of November 15, 2021. The company received valid tenders worth
American Express (NYSE: AXP) announced that Grammy-winning artist Lizzo will headline the final performance of its American Express UNSTAGED series on December 4, 2021, at 9:00 PM ET. The live-streamed concert will take place in Miami and include fan favorites along with new songs. Tickets will be available from November 3, 2021, at 12:00 PM ET, with exclusive packages for Card Members. The event marks a continuation of American Express's commitment to connecting Card Members with unique entertainment experiences.
American Express (NYSE: AXP) has initiated an Exchange Offer for its 3.300% Senior Notes due May 3, 2027. The offer involves exchanging the existing Credco Notes with new AXP Notes. The total consideration for the exchange is detailed in the offering memorandum, with an aggregate principal amount outstanding of
American Express Company (NYSE: AXP) announced its participation in two upcoming investor conferences. On November 10, 2021, CFO Jeffrey C. Campbell will engage in a virtual chat at the Bank of America Banking and Financials Conference at 9:40 a.m. (ET). On December 7, 2021, CEO Stephen J. Squeri will speak in-person at the Goldman Sachs US Financial Services Conference starting at 9:20 a.m. (ET). Live webcasts of both events will be available on the American Express Investor Relations website, with replays accessible post-event.
American Express (AXP) launched a new fully digital Business Checking account for small and mid-sized enterprises, offering a competitive APY of 1.1% on balances up to $500,000. Customers can earn a $300 welcome bonus and enjoy no monthly fees or minimum balance requirements. The account integrates with existing American Express Cards and includes features like 24/7 customer support and access to a vast ATM network. Starting in early 2022, users will also earn Membership Rewards points, enhancing the value for business owners.
The Amex Trendex report indicates changing holiday spending habits among US consumers. Nearly 48% have begun holiday shopping early due to anticipated supply chain issues. 61% of employed consumers appreciate the flexibility of remote work for avoiding crowded travel days. Most consumers plan to celebrate with family, with 71% expecting more in-person gatherings. Additionally, 38% intend to spend more this season, reflecting a shift towards supporting small or local businesses (81%) and sustainability (64%).
American Express Company (NYSE: AXP) reported strong Q3 results with net income of $1.8 billion, or $2.27 per share, up from $1.1 billion, or $1.30 per share, year-over-year. Total revenues rose 25% to $10.9 billion, driven by record Card Member spending, notably in travel and entertainment. Provisions for credit losses showed a benefit of $191 million, in contrast to a $665 million expense last year. Despite a 29% increase in operating expenses to $8.7 billion, the company remains confident in sustaining growth and reaching high-end EPS expectations for the year.
FAQ
What is the current stock price of American Express Co (AXP)?
What is the market cap of American Express Co (AXP)?
What services does American Express provide?
What are the main business segments of American Express?
Where is American Express headquartered?
In how many countries does American Express operate?
What recent acquisition involves American Express?
What is Accertify known for?
Who are some of Accertify's clients?
What is the expected growth of the global fraud detection and prevention market?
What does American Express aim to provide to its customers?
Where can more information about American Express be found?
