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

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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.
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American Express Declares Dividend on Series D Preferred Stock

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

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

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

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

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American Express Chairman and CEO Stephen J. Squeri to Participate in Bernstein 39th Annual Strategic Decisions Conference

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American Express Declares Regular Quarterly Dividend And Dividend on Series D Preferred Stock

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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 $301.05 as of December 27, 2024.

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

The market cap of American Express Company (AXP) is approximately 214.1B.

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

#40 Ranked by Market Cap
#1856 Ranked by Dividends

AXP Stock Data

214.14B
551.79M
21.64%
64.43%
1.22%
Credit Services
Finance Services
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United States of America
NEW YORK