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American Express Company - AXP STOCK NEWS

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.

News

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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American Express Introduces Refreshed U.S. Business Gold Card With Enhanced Benefits and Rewards Built for Business

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American Express introduces the refreshed U.S. Business Gold Card with enhanced benefits and features, including 4X Membership Rewards points for essential business spending and up to $395 in statement credits each year. The card also offers new digital payment services and a Rose Gold design option. Small businesses surveyed prioritize value, flexibility, convenience, and benefits when choosing a card. The card aims to help small businesses unlock value and provides flexible rewards based on business spend. Additional benefits include $240 in flexible business credits, Walmart+ membership credit, and 3X Membership Rewards points on eligible purchases through AmexTravel.com. The card also offers cell phone protection, payment flexibility, and insights via American Express Business Blueprint. The annual fee for the card will be $375 starting February 1, 2024.
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AM Best Affirms Credit Ratings of AMEX Assurance Company

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AM Best affirms the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of AMEX Assurance Company. The ratings reflect AMEX Assurance’s very strong balance sheet strength, very strong operating performance, neutral business profile, and appropriate enterprise risk management. Despite annual stockholder dividend obligations, the company's capital position remains supportive of its overall balance sheet strength.
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American Express Declares Regular Quarterly Dividend

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American Express (AXP) declares a regular quarterly dividend of $0.60 per common share, payable on November 10, 2023.
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American Express Plans Live Audio Webcast of Third Quarter 2023 Earnings Conference Call

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American Express plans to host a live audio webcast of its earnings conference call on October 20, 2023, to discuss third-quarter 2023 financial results.
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American Express and The Port Authority of New York & New Jersey Announce Plans for New Centurion® Lounge at Newark Liberty International Airport

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American Express to open Centurion Lounge at Newark Liberty International Airport in 2026.
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FAQ

What is the current stock price of American Express Company (AXP)?

The current stock price of American Express Company (AXP) is $301.3 as of November 22, 2024.

What is the market cap of American Express Company (AXP)?

The market cap of American Express Company (AXP) is approximately 209.8B.

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.

Stock AXP logo
American Express Company

NYSE:AXP

AXP Rankings

#45 Ranked by Market Cap
#1832 Ranked by Dividends

AXP Stock Data

209.76B
551.82M
21.64%
63.68%
1.12%
Credit Services
Finance Services
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United States of America
NEW YORK