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 Goldman Sachs Transaction Banking are collaborating to launch a cloud-based payment solution aimed at simplifying B2B payments for large corporations. This integrated platform will support multiple payment options and feature data analytics for enhanced efficiency. The solution addresses the complexities faced by corporate clients in managing payment transactions, aiming to modernize outdated processes. It includes features like virtual cards, an Intelligent Payments Engine, and real-time payment tracking, with general availability expected in early 2022.
American Express (AXP) launched the "Backing International Small Restaurants" grant program with a commitment of $500,000 to support independent eateries owned by underrepresented groups in London, Mexico City, Sydney, Tokyo, and Toronto. Each selected restaurant can receive up to $15,000 for pandemic recovery and improvements. This initiative follows the previous $1 million program aimed at historic restaurants in the U.S. American Express partners with the IDA Foundation for implementation.
American Express Company (NYSE: AXP) has announced dividends on its Series B and D Preferred Shares. The quarterly dividend for Series B, which has a 5.200% Fixed Rate, is set at
American Express (NYSE: AXP) has launched a new American Express Business Platinum Card® in the U.S., offering over
American Express has launched its first Centurion Lounge in Europe at London Heathrow Airport, Terminal 3, enhancing its airport lounge portfolio. This lounge features over 7,000 square feet of bespoke design and amenities from award-winning local partners, including a menu by Michelin-Star Chef Assaf Granit and exclusive products from Soapsmith. The lounge promotes local culture through its offerings and includes environmentally friendly features like solar panels. This expansion supports American Express's commitment to providing premium travel experiences for its Card Members.
The Board of Directors of American Express Company (NYSE: AXP) has declared a quarterly dividend of
American Express (NYSE: AXP) released its 2020-2021 ESG Report, detailing initiatives aimed at promoting diversity, equity, and inclusion (DEI), financial confidence, and climate solutions. The company plans to drive $100 billion in spending at small businesses and invest $500 million on community initiatives. Additionally, American Express commits to net-zero emissions by 2035 and will provide $10 million for climate-related philanthropic efforts. Notable DEI statistics include 48% of new hires globally being women and the achievement of 100% pay equity across genders globally.
American Express Company (NYSE: AXP) is set to host a live audio webcast for its earnings conference call at 8:30 a.m. (ET) on Friday, October 22, 2021. This call aims to discuss the company's financial results for the third quarter of 2021. Interested parties can access the webcast via the American Express Investor Relations website, where financial results and presentation materials will also be available at 7 a.m. (ET).
American Express (NYSE: AXP) has partnered with Extend to enhance virtual card solutions for U.S. businesses. Eligible American Express Business Card members can quickly generate virtual cards, or tokens, in just five minutes using Extend's app or desktop platform. This partnership aims to improve expense management, security, and payment automation, reflecting a growing trend among businesses to adopt digital payment solutions. According to the American Express Global Business Spend Indicator, 39% of U.S. businesses plan to increase their virtual card usage in the next 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?
