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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.
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American Express (AXP) announces the schedule for its first-quarter 2024 earnings conference call and 2024 Annual Meeting of Stockholders. The webcast of the earnings call will be live-streamed on April 19, 2024, with financial results released prior. The virtual stockholders meeting is set for May 6, 2024, accessible to the public.
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American Express Travel® releases its 2024 Global Travel Trends Report, revealing insights into global travel bookings for the year. The report, based on survey data from multiple countries, shows a positive trend in travel spending for 2024.
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American Express (AXP) announces a 17% increase in quarterly dividend to $0.70 per share, following the fourth-quarter 2023 earnings release.
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American Express and Amex GBT announce a new integration to help small and mid-sized businesses manage their spend and expenses efficiently. The integration provides better visibility and control over employee spend, automates expense management processes, and offers seamless management solutions.
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American Express (NYSE: AXP) is set to open its largest Centurion Lounge at Hartsfield-Jackson Atlanta International Airport, featuring a locally-inspired menu, outdoor terraces, and a bespoke whiskey bar. The lounge design reflects Atlanta's 'city in the forest' reputation, offering a relaxing space with unique art installations and wellness amenities. Chef Deborah VanTrece will curate modern, global soul food for guests, and the lounge will house The Reserve, the Centurion Network's first whiskey bar.
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American Express (NYSE: AXP) and the Argentine Football Association (AFA) have expanded their sponsorship agreement, making Amex the Global Sponsor of the Argentine National Teams through 2026. The Men’s National Team, Women's National Team, and Youth National Teams are included in the deal. Amex Card Members will have early access to preferred seats and locations at Men’s National Team matches in Argentina and select international friendlies. The agreement aims to elevate the American Express brand globally and extend the benefits of membership to more people around the world. The AFA brand is now consolidated globally with more than 50 top-level commercial sponsors, and the expanded partnership will allow American Express Card Members to access exclusive experiences and be closer to their idols.
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American Express Company (NYSE: AXP) will hold an Investor Day in New York City on April 30, 2024, to discuss the company’s strategy, key initiatives, and business trends. Chairman and CEO Stephen J. Squeri, CFO Christophe Le Caillec, and other executives will present. A live webcast and replay will be available on the American Express Investor Relations website.
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American Express and Delta Air Lines have announced enhanced Delta SkyMiles® American Express Cards that offer new reward categories, benefits, and features across everyday spending, dining, rideshares, rental cars, flights, and vacation stays. The press release also highlights the new annual fees for each card, new ways to earn Medallion Qualification Dollars, and enhanced Companion Certificates.
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American Express (AXP) will participate in investor conferences on February 26 and 27. The Chief Financial Officer will be part of fireside chats at the UBS Financial Services Conference and the KBW Fintech Payments Conference. Both presentations will be available via live audio webcast on the American Express Investor Relations website.
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American Express Company (NYSE: AXP) reported full-year net income of $8.4 billion, or $11.21 per share, compared with net income of $7.5 billion, or $9.85 per share, a year ago. The company plans to increase the regular quarterly dividend on its common shares outstanding by 17 percent, from $0.60 to $0.70 per share, beginning with the first quarter 2024 dividend declaration. Full-year 2024 guidance for revenue growth of 9% to 11% and EPS of $12.65 to $13.15 was provided.
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FAQ
What is the current stock price of American Express Co (AXP)?
The current stock price of American Express Co (AXP) is $295.4 as of February 21, 2025.
What is the market cap of American Express Co (AXP)?
The market cap of American Express Co (AXP) is approximately 213.5B.
What services does American Express provide?
American Express offers charge and credit card payment products, expense management tools, consulting services, business loans, and operates a merchant payment network.
What are the main business segments of American Express?
The main business segments are Global Consumer Services, Global Commercial Services, and Global Merchant and Network Services.
Where is American Express headquartered?
American Express is headquartered in New York City, USA.
In how many countries does American Express operate?
American Express operates in about 130 countries.
What recent acquisition involves American Express?
Accel-KKR has agreed to acquire Accertify, a subsidiary of American Express, to boost growth and innovation in fraud prevention technology.
What is Accertify known for?
Accertify is known for its fraud prevention, chargeback management, account protection, and payment gateway solutions.
Who are some of Accertify's clients?
Accertify's clients include 40% of the Top 100 online retailers, major global airlines, and prominent sports betting platforms.
What is the expected growth of the global fraud detection and prevention market?
The market is expected to grow from $44.0 billion in 2023 to $182.7 billion by 2030, driven by increased e-commerce and spending on fraud solutions.
What does American Express aim to provide to its customers?
American Express aims to provide access to products, insights, and experiences that enrich lives and build business success.
Where can more information about American Express be found?
More information can be found on their website americanexpress.com and their social media channels, such as Facebook, Instagram, LinkedIn, X.com, and YouTube.
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