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American Express Co - AXP STOCK NEWS

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.

News

American Express Declares Dividend on Series D Preferred Stock

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American Express Company (NYSE: AXP) declared a quarterly dividend of $8,973.61 per share for its 3.550% Fixed Rate Reset Noncumulative Preferred Shares, Series D, payable on March 15, 2024. The dividend is equivalent to $8.97361 per related Depositary Share, and it will be distributed to shareholders of record on March 1, 2024.
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Accel-KKR to Acquire Accertify from American Express

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Accel-KKR, a technology-focused private equity firm, has reached an agreement with American Express to acquire Accertify, a leading provider of fraud prevention and payment gateway solutions. Accertify's advanced technologies help protect many businesses, including 40% of the Top 100 online retailers, major global airlines, and sports betting platforms. The global fraud detection and prevention market size is projected to grow from $44.0 billion in 2023 to $182.7 billion by 2030, exhibiting a CAGR of 22.6%. Accertify, with the support of Accel-KKR, is well-positioned to tackle these threats head-on and continue driving innovation in the fight against fraud.
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American Express Plans Live Audio Webcast of Fourth Quarter 2023 Earnings Conference Call

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American Express Company (NYSE: AXP) will host a live audio webcast of its earnings conference call on January 26, 2024, to discuss fourth-quarter and full-year 2023 financial results. The webcast will be accessible to the general public through the American Express Investor Relations website. The financial results and presentation materials will be released and posted on the website prior to the conference call, with an audio replay available following the call.
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American Express Declares Regular Quarterly Dividend

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American Express Company (NYSE: AXP) declares a regular quarterly dividend of $0.60 per common share, payable on February 9, 2024, to shareholders of record on January 5, 2024.
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American Express Returns to Miami with PLAY by American Express Platinum, A One-of-a-Kind Interactive Gallery during Art Week

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American Express (NYSE:AXP) Collaborates with PlayLab, Inc. and Mattel Creations to Showcase Reimagined Toys as Limited Edition Collectibles at PLAY Gallery in Miami Beach EDITION during Art Week. The gallery will feature art pieces from visionary artists Salehe Bembury, Eny Lee Parker, Surin Kim, Serban Ionescu, and Kumkum Fernando, available for purchase in-person and online for a limited time starting December 10.
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American Express Chairman and CEO Stephen J. Squeri to Participate in Goldman Sachs U.S. Financial Services Conference

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American Express Company (NYSE: AXP) CEO Stephen J. Squeri to participate in Goldman Sachs U.S. Financial Services Conference on December 5, 2023, discussing business strategy and financial performance. Accessible via live audio webcast on the American Express Investor Relations website.
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American Express Travel’s 2024 Trending Destinations Highlight Off the Beaten Path Vacation Spots

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American Express Travel® Releases 2024 Trending Destinations List, Uncovering Hidden Gems and New Experiences for Travelers
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American Express Declares Dividend on Series D Preferred Stock

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American Express (NYSE: AXP) declares quarterly dividend on Series D Preferred Shares.
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American Express Reports Sixth Consecutive Quarter of Record Revenue, Up 13% From Year Earlier to $15.4 Billion

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American Express reports record third-quarter earnings per share of $3.30, a 34% increase from the previous year. Strong results driven by growth in card member spending and credit performance.
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Hilton and American Express Upgrade Hilton Honors Surpass® and Aspire Cards with New Benefits and More Value for Travel and Everyday Purchases

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Hilton and American Express introduce new benefits for Hilton Honors American Express Surpass and Aspire Cards, offering more value and flexibility for cardholders.
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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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American Express Co

NYSE:AXP

AXP Rankings

#rank Ranked by Market Cap
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AXP Stock Data

213.47B
548.54M
21.64%
64.22%
1.22%
Credit Services
Finance Services
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United States
NEW YORK