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 (AXP) generates news across earnings reports, dividend announcements, product launches, and strategic partnerships that shape the payments and financial services industry. As one of the world's largest payment networks and a Dow Jones Industrial Average component, developments at American Express influence broader trends in consumer spending, credit markets, and digital payments innovation.
Quarterly earnings reports reveal performance across consumer and commercial card segments, providing insight into spending patterns among affluent customers and businesses. Metrics like card acquisition, spending per member, credit quality, and merchant acceptance drive investor analysis. Dividend declarations reflect the company's capital allocation priorities and financial strength. Product announcements introduce new card offerings, enhanced rewards programs, and technology features that compete for high-spending customers in the premium credit card market.
Strategic partnerships with airlines, hotels, and retailers create co-branded card opportunities and expand the company's ecosystem. American Express also generates news through initiatives like Small Business Saturday, which promotes small business commerce, and expansions of benefits like airport lounge access through Centurion Lounges. Technology developments around mobile payments, digital wallets, and fraud prevention illustrate how the company adapts to evolving consumer preferences and competitive pressures from fintech companies.
The news feed tracks regulatory developments affecting interchange fees, lending practices, and banking oversight that impact American Express's business model. International expansion efforts, merchant acceptance milestones, and changes to rewards programs provide context on strategic direction. For investors monitoring payment industry trends and consumer credit health, American Express news offers a lens into premium consumer spending behavior and the competitive dynamics between closed-loop and open-loop payment networks.
American Express (NYSE: AXP) has announced its regular quarterly dividend of $0.70 per common share. The dividend will be payable on February 10, 2025, to shareholders who are on record as of January 3, 2025.
American Express (NYSE: AXP) announced that Chairman and CEO Stephen J. Squeri will participate in the Goldman Sachs U.S. Financial Services Conference in New York. The event will take place on Tuesday, December 10, 2024, at 09:20 a.m. Eastern. Squeri will engage in a fireside chat discussing the company's business strategy and financial performance. The public can access a live audio webcast through the American Express Investor Relations website, with an audio replay available after the event.
American Express (NYSE: AXP) has announced its Board of Directors' declaration of a quarterly dividend on the company's 3.550% Fixed Rate Reset Noncumulative Preferred Shares, Series D. The dividend amount is set at $8,973.61 per share, equivalent to $8.97361 per related Depositary Share. Shareholders of record as of December 1, 2024, will receive the dividend payment on December 16, 2024.
American Express (NYSE: AXP) reported strong third-quarter results, with net income of $2.51 billion, or $3.49 per share, compared to $2.45 billion, or $3.30 per share, a year ago. The company achieved its 10th consecutive quarter of record revenue, rising 8% to $16.6 billion. Based on this performance, American Express raised its full-year 2024 EPS guidance to $13.75 - $14.05, up from $13.30 - $13.80 previously.
Key highlights include:
- Total Card Member spending increased 6%
- Card fee revenue growth accelerated to 18%
- 3.3 million new card acquisitions
- Completed 40 product refreshes globally since the beginning of the year
The company's continued momentum demonstrates the success of its product refresh strategy, particularly in attracting Millennial and Gen-Z consumers.
American Express Travel has unveiled its 2025 Trending Destinations list, featuring ten must-visit locations tailored for Millennial and Gen Z travelers. The list, based on global American Express Card Member travel bookings and expert insights, includes diverse destinations such as Brisbane, Australia; Brittany, France; and Moab, Utah.
To enhance travel experiences, American Express has expanded The Hotel Collection by 40%, now offering over 1,000 properties across 50 new destinations. Gold and Platinum Card Members booking through Amex Travel can enjoy benefits like room upgrades, early check-in, late check-out, and a $100 credit for eligible charges.
The company aims to provide comprehensive travel support through its global network of Travel Consultants, airport lounges, dining reservations via Resy, and extensive hotel programs.
American Express (NYSE: AXP) has announced a new collaboration with Boost Payment Solutions to provide commercial virtual Card processing services to U.S. merchants accepting American Express. Qualified merchants will have access to Boost Intercept®, Boost's patented Straight-Through Processing (STP) solution, at no additional cost. This initiative aims to streamline the acceptance of American Express virtual Cards and address challenges associated with manual processing.
The collaboration comes as virtual cards are expected to account for 52% of U.S. commercial card spend by 2025. Boost Intercept® automates the entire process, potentially leading to better cash-flow management and more efficient operations for suppliers. The solution can help reduce payment cycles, improve reconciliation efforts, and save time for finance teams.
American Express Company (NYSE: AXP) has announced a regular quarterly dividend of $0.70 per common share. The dividend will be payable on November 8, 2024, to shareholders of record as of October 4, 2024. This declaration was made by the company's Board of Directors, maintaining their commitment to returning value to shareholders through consistent dividend payments.
American Express (NYSE: AXP) has announced plans to host a live audio webcast of its third quarter 2024 earnings conference call on Friday, October 18, 2024, at 8:30 a.m. ET. The webcast will be accessible to the public through the company's Investor Relations website. Financial results and presentation materials will be released and posted on the website at approximately 7 a.m. ET before the conference call. An audio replay of the call will be available on the website following the event. This announcement provides investors and analysts with the opportunity to gain insights into American Express's financial performance for Q3 2024.
American Express (NYSE: AXP) and Knot, an Amex Ventures portfolio company, have launched a pilot feature to simplify adding payment information at select merchants. The feature allows select Amex customers to seamlessly add their card details for merchants like Bloomingdale's, Hilton, and Macy's. This collaboration leverages Knot's CardSwitcher™ technology and Amex's proprietary technology to enable secure sharing of payment data.
The partnership stems from Amex Ventures' Series A investment in Knot in 2023. It aims to solve common pain points for Card Members and merchants, enhancing convenience and reducing friction in online transactions. The feature requires no technical integration from merchants and allows customers to update card-on-file information instantly.
American Express (NYSE: AXP) has announced plans to open a new Centurion® Lounge at Salt Lake City International Airport (SLC) in 2025. The nearly 16,000 square foot lounge will be located in the new Concourse B as part of Phase 4 of The New SLC Airport Redevelopment program. The lounge will feature:
- An outdoor terrace with views of the Wasatch Mountains
- A full bar with alcoholic and non-alcoholic beverages
- A full-service coffee bar with local roasted beans
- A dedicated wellness room
- Locally inspired design elements and artwork
- Premium food offerings from an award-winning Resy chef
This expansion is part of American Express's commitment to supporting the Salt Lake City community and enhancing travel experiences for Card Members.
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