STOCK TITAN
  1. Home
  2. News
  3. AXP

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

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.96%
Tags
none
-
News

AM Best Affirms Credit Ratings of AMEX Assurance Company

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.69%
Tags
none
-
News

American Express Declares Regular Quarterly Dividend

Rhea-AI Summary
American Express (AXP) declares a regular quarterly dividend of $0.60 per common share, payable on November 10, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.38%
Tags
dividends
News

American Express Plans Live Audio Webcast of Third Quarter 2023 Earnings Conference Call

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.18%
Tags
earnings
-
News

American Express and The Port Authority of New York & New Jersey Announce Plans for New Centurion® Lounge at Newark Liberty International Airport

Rhea-AI Summary
American Express to open Centurion Lounge at Newark Liberty International Airport in 2026.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.42%
Tags
none
-
News

American Express Vice Chair Douglas E. Buckminster to Participate in Barclays Global Financial Services Conference

Rhea-AI Summary
American Express Company (NYSE: AXP) announces Vice Chair Douglas E. Buckminster's participation in the Barclays Global Financial Services Conference on September 13, 2023, discussing the company’s business strategy and financial performance. The live audio webcast will be accessible to the public through the American Express Investor Relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.17%
Tags
conferences
News

American Express Declares Dividend on Series D Preferred Stock

Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.77%
Tags
dividends
-
News

American Express Launches Sync™ Commercial Partner Program, Offering New Suite of B2B APIs for Fintechs

Rhea-AI Summary
American Express (NYSE:AXP): Expands virtual card options for U.S. business and corporate customers through the American Express Sync™ Commercial Partner Program, offering modern APIs, robust developer tools, and a streamlined onboarding experience. The program is designed for technology organizations that serve businesses in the U.S. and aims to provide digital-first B2B solutions within the platforms they already use. The transaction value for embedded B2B payments reached $700 billion in the U.S. in 2021 and is expected to nearly quadruple in size to $2.6 trillion by 2026. Early adopters include Centime, Eved, HQ, Melio, and PayEm, among others.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.77%
Tags
none
-
News

American Express Reports Record Revenue of $15.1 Billion, up 12% From the Prior Year, With Card Member Spending Reaching a Quarterly High

Rhea-AI Summary
American Express Company (NYSE: AXP) reported a 12% rise in second-quarter earnings per share to a record $2.89, reaffirming its full-year 2023 revenue and EPS guidance. The company achieved record revenues, with total network volumes up 8% to $426.6 billion and total revenues net of interest expense up 12% to $15.1 billion. The company's net income increased by 11% to $2.2 billion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.89%
Tags
none
News

American Express Announces Retirement of Chief Financial Officer Jeffrey C. Campbell and Names Deputy Chief Financial Officer Christophe Le Caillec as Successor

Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.65%
Tags
none

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.
Stock AXP logo
American Express Co

NYSE:AXP

AXP Rankings

#rank Ranked by Market Cap
#rank Ranked by Dividends

AXP Stock Data

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