American Express Co Stock Price, News & Analysis

American Express announced artistic collaborations with renowned artists Julie Mehretu and Kehinde Wiley to redesign the U.S. Platinum Card. They will unveil the new designs in Miami on December 1, with Card Members able to choose from the new designs starting January 20, 2022. Additionally, the company is sponsoring $1 million to The Studio Museum in Harlem to support artists of African descent.

American Express Company (NYSE: AXP) announced the early results of its Exchange Offer for the 3.300% Senior Notes due May 3, 2027, as of November 15, 2021. The company received valid tenders worth $1,591,964,000, equating to 79.60% of the $2,000,000,000 outstanding principal amount. The deadline for holders to exchange their notes has been extended to November 30, 2021. The exchange will allow holders to receive new senior notes and a cash amount of $2.50 per $1,000 principal. The offering is subject to certain conditions.

American Express (NYSE: AXP) announced that Grammy-winning artist Lizzo will headline the final performance of its American Express UNSTAGED series on December 4, 2021, at 9:00 PM ET. The live-streamed concert will take place in Miami and include fan favorites along with new songs. Tickets will be available from November 3, 2021, at 12:00 PM ET, with exclusive packages for Card Members. The event marks a continuation of American Express's commitment to connecting Card Members with unique entertainment experiences.

American Express (NYSE: AXP) has initiated an Exchange Offer for its 3.300% Senior Notes due May 3, 2027. The offer involves exchanging the existing Credco Notes with new AXP Notes. The total consideration for the exchange is detailed in the offering memorandum, with an aggregate principal amount outstanding of $2 billion. Alongside the exchange, Credco is soliciting consents to amend the indenture, aiming to simplify its funding structure. It plans to cease SEC reporting, which could affect credit ratings.

American Express Company (NYSE: AXP) announced its participation in two upcoming investor conferences. On November 10, 2021, CFO Jeffrey C. Campbell will engage in a virtual chat at the Bank of America Banking and Financials Conference at 9:40 a.m. (ET). On December 7, 2021, CEO Stephen J. Squeri will speak in-person at the Goldman Sachs US Financial Services Conference starting at 9:20 a.m. (ET). Live webcasts of both events will be available on the American Express Investor Relations website, with replays accessible post-event.

American Express (AXP) launched a new fully digital Business Checking account for small and mid-sized enterprises, offering a competitive APY of 1.1% on balances up to $500,000. Customers can earn a $300 welcome bonus and enjoy no monthly fees or minimum balance requirements. The account integrates with existing American Express Cards and includes features like 24/7 customer support and access to a vast ATM network. Starting in early 2022, users will also earn Membership Rewards points, enhancing the value for business owners.

The Amex Trendex report indicates changing holiday spending habits among US consumers. Nearly 48% have begun holiday shopping early due to anticipated supply chain issues. 61% of employed consumers appreciate the flexibility of remote work for avoiding crowded travel days. Most consumers plan to celebrate with family, with 71% expecting more in-person gatherings. Additionally, 38% intend to spend more this season, reflecting a shift towards supporting small or local businesses (81%) and sustainability (64%).