American Express Co Stock Price, News & Analysis

American Express (NYSE: AXP) announced the continuation of its Backing Historic Small Restaurants Grant Program, providing $40,000 grants to 25 historic small restaurants across the U.S. The initiative aims to support restaurants impacted by the pandemic, acknowledging their role in community history and identity. With many restaurant operators uncertain about returning to normal, this program is designed to alleviate financial challenges, allowing recipients to enhance operations and recover financially. Applications open from March 21, 2022 to April 4, 2022.

American Express (NYSE:AXP) reveals in its 2022 Global Travel Trends Report that consumers are enthusiastic about travel, with 86% planning to spend the same or more than in pre-pandemic years. The report shows a 24% increase in global Card Member bookings in Q4 2021 compared to 2019. Key insights include 74% willing to book trips despite potential cancellations, 62% planning 2-4 trips this year, and 81% seeking brands that support local communities. As travel momentum builds, American Express Travel offers exclusive access and benefits for Card Members.

The Board of Directors of American Express Company (NYSE: AXP) has approved a $0.09 increase in the regular quarterly dividend, raising it to $0.52 per common share from $0.43. This marks a approximately 20 percent increase, showcasing the company's strong performance. The dividend is payable on May 10, 2022, to shareholders of record on April 8, 2022.

American Express (NYSE: AXP) plans to launch a new Centurion Lounge at Hartsfield-Jackson Atlanta International Airport in 2023. This lounge, covering approximately 26,000 square feet, will be the largest in the Centurion Network and will feature outdoor spaces, a modern design inspired by Atlanta's culture, and locally curated dining options. Key amenities will include private telephone rooms, shower suites, and high-speed Wi-Fi. The lounge aims to enhance Card Members' travel experiences, reflecting American Express's ongoing expansion in premium travel services.

American Express (NYSE: AXP) and Resy have launched the 'Every Resy Counts' campaign to promote dining at independent restaurants during March. Each millionth reservation on Resy will trigger financial support for restaurants, including a $500,000 donation to Southern Smoke, a crisis relief organization. This initiative is part of American Express' ongoing support for restaurants impacted by the pandemic, following their prior 'Order In, Help Out' campaign. The goal is to inspire consumers to support local dining venues and help them recover.

American Express (AXP) and Delta Air Lines (DAL) have integrated the Plan It feature, allowing American Express U.S. Consumer Card Members to finance Delta flights of $100 or more at checkout on delta.com. This service caters to the growing demand for flexible payment options, particularly among Gen Z and Millennial travelers; a survey indicates that 68% of this demographic would travel more if they could split payments. Plan It enables customers to divide large purchases into fixed monthly payments, enhancing their travel booking experience.

American Express has launched its first all-digital consumer checking account named Amex Rewards Checking, available to eligible U.S. Consumer Card Members. This account offers a competitive APY of 0.50%, significantly higher than the national rate, along with rewards of 1 Membership Rewards point for every $2 spent on eligible Debit Card purchases. Features include no monthly fees, purchase protection, and 24/7 customer service. This launch enhances American Express's range of consumer deposit products and caters to increasing demand for banking solutions among its members.

American Express Company (NYSE: AXP) will have Vice Chairman and CFO Jeffrey C. Campbell participate in the KBW Fintech Payments Conference in New York on March 3 at 8:45 a.m. EST. Mr. Campbell's discussion will focus on the Company’s business strategy and financial performance. A live audio webcast will be available for the public on the American Express Investor Relations website, along with an audio replay post-event.

American Express Company (NYSE: AXP) has announced a quarterly dividend of $8,875 per share on its 3.550% Fixed Rate Reset Noncumulative Preferred Shares, Series D. The dividend is set to be payable on March 15, 2022 to shareholders who are on record as of March 1, 2022. This reflects the company's commitment to returning value to its shareholders.