American Express Co Stock Price, News & Analysis

The Board of Directors of American Express Company (NYSE: AXP) has declared a quarterly dividend of $0.52 per common share, payable on August 10, 2022, to shareholders of record on July 1, 2022. Additionally, a dividend of $9,072.22 per share on the Company’s 3.550% Fixed Rate Reset Noncumulative Preferred Shares, Series D, is also declared, payable on June 15, 2022, to shareholders of record on June 1, 2022.

American Express (NYSE: AXP) has partnered with Billtrust (NASDAQ: BTRS) to enable suppliers to efficiently accept American Express virtual cards. This collaboration streamlines the accounts receivable process, allowing suppliers to automate payments and gain real-time visibility of their invoices and cash flow. The integration aims to enhance digital payment options in response to increasing demand for efficient payment solutions, moving businesses away from traditional paper-based methods. This partnership highlights both companies' commitment to improving supplier and customer experiences.

American Express Company (NYSE: AXP) Vice Chairman Douglas E. Buckminster will participate in the MoffettNathanson Payments Summit in New York on Wednesday, May 11, at 11:00 a.m. EDT. During the event, he will engage in a question-and-answer session focused on the company's global consumer services business. A live audio webcast of the session will be available on the American Express Investor Relations website, with a replay accessible afterward.

American Express Company (NYSE: AXP) reported a first-quarter net income of $2.1 billion, or $2.73 per share, slightly down from $2.2 billion or $2.74 per share a year earlier. Total revenues net of interest expense rose by 29% to $11.7 billion, driven by a 35% increase in Card Member spending. The company reaffirmed its guidance for 2022, expecting revenue growth of 18-20% and earnings per share between $9.25 and $9.65. Provisions for credit losses showed a benefit of $33 million, significantly lower than the previous year's $675 million benefit.

American Express (NYSE: AXP) has launched a new initiative allowing U.S. Card Members to donate their Membership Rewards points to humanitarian charities aiding relief efforts in Ukraine and Europe, effective through June 15, 2022. Each dollar value of contributions using points will be matched by American Express. The initiative supports notable charities like UNICEF, American Red Cross, and others. This program builds upon previous efforts, including a $1 million donation for humanitarian aid.

American Express (NYSE:AXP) and i2c Inc. have announced a global agreement to enhance fintech capabilities on the Amex network. This collaboration focuses on creating a seamless platform for fintechs to develop innovative payment solutions worldwide. The Amex/i2c platform offers unique benefits, such as Amex Offers and exclusive ticket access, alongside fraud protection. Notable collaborations include new card offerings in Mexico and Puerto Rico, expanding the reach of American Express in North America and beyond, and enhancing its appeal to financial innovators.

American Express, in partnership with The New York Women’s Foundation, released the 2022 Ambitious Insights study highlighting women's relationship with ambition. The research found that 65% of women consider themselves ambitious, unchanged since 2020. However, only 56% view ambition as essential, a slight decline from 59%. The study reveals a significant confidence gap, with only 32% confident in achieving career ambitions despite 41% valuing them highly. Gen Z women show high aspirations, with 68% prioritizing ambitions. The findings emphasize the importance of support systems for women’s professional growth.