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 Company (NYSE: AXP) reported a strong first quarter with net income of $2.2 billion or $2.74 per share, up from $367 million or $0.41 per share last year. Key drivers included $1.05 billion in credit reserve releases and improved macroeconomic conditions. Total revenues decreased 12% to $9.1 billion, largely due to declines in Card Member spending. However, expenses fell 7% to $6.7 billion, reflecting operational efficiency. The company added 2.1 million new cards and anticipates a recovery in travel-related spending.
American Express Company (NYSE: AXP) will host a live audio webcast on April 23, 2021, at 8:30 a.m. (ET) to discuss its first quarter 2021 financial results. The webcast is open to the public via the American Express Investor Relations website. Financial results and presentation materials will be available at approximately 7 a.m. (ET) on the same day, with an audio replay accessible afterward. American Express is a global payments company focused on enriching customer experiences.
The Board of Directors of American Express Company (NYSE: AXP) has announced a regular quarterly dividend of $0.43 per common share, which will be payable on May 10, 2021, to shareholders of record on April 2, 2021. This dividend payment reflects the company's ongoing commitment to returning value to its shareholders amidst its operations in the global payments sector.
American Express Company (NYSE: AXP) has appointed Lisa W. Wardell, CEO of Adtalem Global Education Inc., to its Board of Directors, effective March 8, 2021. Wardell will also join the Board's Risk Committee. With extensive experience in business transformation and strategic partnerships in the financial services sector, her expertise in diversity and regulatory matters is expected to enhance American Express's governance. Previously, she led significant acquisitions at Adtalem and has served in various senior roles within investment firms and consulting.
American Express (NYSE: AXP) released the American Express Travel: Global Travel Trends Report, revealing strong consumer interest in travel nearly a year after the COVID-19 pandemic. Key findings include that 87% of respondents feel planning future trips gives them hope, with 76% working on destination wish lists. Notably, 56% would book tomorrow despite potential cancellations, and 68% are aiming for sustainable travel. The report highlights a shift towards personalized luxury travel and conscious consumerism, as 72% plan to support local economies while traveling.
American Express (NYSE: AXP) has launched the 'Backing Historic Small Restaurants' initiative, investing over $1 million to aid historic restaurants in the U.S. as they recover from the pandemic. The program will provide 25 grants of $40,000 each to selected restaurants for improvements in their physical and digital operations. Partners like AT&T, Dell Technologies, and Resy will support these efforts with additional resources and training. The initiative aims to preserve the cultural significance of these establishments, with grantee announcements scheduled for May during National Preservation Month.
American Express Co. (NYSE: AXP) CEO Stephen J. Squeri will join Hilton Worldwide Holdings Inc. (NYSE: HLT) CEO Christopher J. Nassetta for a joint Q&A session at the Citi 2021 Virtual Global Property CEO Conference on March 9, starting at 12:15 p.m. ET. The session will be accessible via a live audio webcast on the American Express Investor Relations website. An audio replay will also be available post-event. American Express is recognized as a global payments company, providing a range of financial products and services to enhance customer experiences.
American Express (NYSE: AXP) plans to open its 16th Centurion Lounge at Washington, D.C.’s Reagan National Airport and expand existing locations at Seattle-Tacoma and San Francisco airports by late 2022. The new DCA lounge will cover over 11,500 square feet and offer unique city-inspired amenities. The SEA lounge will triple in size while SFO will nearly double, both providing enhanced experiences for Card Members. A recent survey indicates that 62% of travelers feel comfortable flying domestically within 6 months, prompting this expansion to support travel benefits.
American Express (NYSE: AXP) CFO Jeffrey C. Campbell will speak at the KBW Fintech Payments Conference on February 23, at 8:50 a.m. ET. He will engage in a virtual Q&A session, discussing the company’s business strategy and financial performance. A live audio webcast will be available to the public on the American Express Investor Relations website, with an audio replay accessible after the event.
American Express is a global payments company that offers products and insights to enhance customer experiences and business success.
American Express (NYSE: AXP) has reintroduced the Rose Gold Card as a permanent design option for its U.S. Consumer Gold Card, responding to customer interest in customizable card designs. Alongside this launch, the company has introduced a $120 Uber Cash Benefit for Gold Card members, providing $10 monthly for rides and deliveries. In addition to dining rewards and other benefits, this initiative aims to enhance customer experience and retention. The card's design returns after positive feedback from prior limited-time offerings in 2018 and 2019.
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