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 (AXP) is a global financial services leader specializing in payment solutions for consumers and businesses. This page aggregates official press releases, corporate announcements, and market analyses related to AXP's operations across its consumer, commercial, and merchant network segments.
Investors and industry observers will find timely updates on earnings reports, strategic partnerships, product innovations, and regulatory developments. The curated collection serves as a centralized hub for tracking AXP's financial performance, technological advancements in digital payments, and evolving merchant services.
Key categories include quarterly financial disclosures, leadership changes, cybersecurity initiatives, and international market expansions. All content is sourced from verified corporate communications and reputable financial publications to ensure reliability.
Bookmark this page for streamlined access to American Express's latest business developments. Check regularly for updates on credit card industry trends, corporate responsibility initiatives, and network security enhancements that shape AXP's market position.
American Express Company (NYSE: AXP) reported strong Q3 results with net income of $1.8 billion, or $2.27 per share, up from $1.1 billion, or $1.30 per share, year-over-year. Total revenues rose 25% to $10.9 billion, driven by record Card Member spending, notably in travel and entertainment. Provisions for credit losses showed a benefit of $191 million, in contrast to a $665 million expense last year. Despite a 29% increase in operating expenses to $8.7 billion, the company remains confident in sustaining growth and reaching high-end EPS expectations for the year.
American Express (NYSE: AXP) and Goldman Sachs Transaction Banking are collaborating to launch a cloud-based payment solution aimed at simplifying B2B payments for large corporations. This integrated platform will support multiple payment options and feature data analytics for enhanced efficiency. The solution addresses the complexities faced by corporate clients in managing payment transactions, aiming to modernize outdated processes. It includes features like virtual cards, an Intelligent Payments Engine, and real-time payment tracking, with general availability expected in early 2022.
American Express (AXP) launched the "Backing International Small Restaurants" grant program with a commitment of $500,000 to support independent eateries owned by underrepresented groups in London, Mexico City, Sydney, Tokyo, and Toronto. Each selected restaurant can receive up to $15,000 for pandemic recovery and improvements. This initiative follows the previous $1 million program aimed at historic restaurants in the U.S. American Express partners with the IDA Foundation for implementation.
American Express Company (NYSE: AXP) has announced dividends on its Series B and D Preferred Shares. The quarterly dividend for Series B, which has a 5.200% Fixed Rate, is set at
American Express (NYSE: AXP) has launched a new American Express Business Platinum Card® in the U.S., offering over
American Express has launched its first Centurion Lounge in Europe at London Heathrow Airport, Terminal 3, enhancing its airport lounge portfolio. This lounge features over 7,000 square feet of bespoke design and amenities from award-winning local partners, including a menu by Michelin-Star Chef Assaf Granit and exclusive products from Soapsmith. The lounge promotes local culture through its offerings and includes environmentally friendly features like solar panels. This expansion supports American Express's commitment to providing premium travel experiences for its Card Members.
The Board of Directors of American Express Company (NYSE: AXP) has declared a quarterly dividend of
American Express (NYSE: AXP) released its 2020-2021 ESG Report, detailing initiatives aimed at promoting diversity, equity, and inclusion (DEI), financial confidence, and climate solutions. The company plans to drive $100 billion in spending at small businesses and invest $500 million on community initiatives. Additionally, American Express commits to net-zero emissions by 2035 and will provide $10 million for climate-related philanthropic efforts. Notable DEI statistics include 48% of new hires globally being women and the achievement of 100% pay equity across genders globally.
American Express Company (NYSE: AXP) is set to host a live audio webcast for its earnings conference call at 8:30 a.m. (ET) on Friday, October 22, 2021. This call aims to discuss the company's financial results for the third quarter of 2021. Interested parties can access the webcast via the American Express Investor Relations website, where financial results and presentation materials will also be available at 7 a.m. (ET).
American Express (NYSE: AXP) has partnered with Extend to enhance virtual card solutions for U.S. businesses. Eligible American Express Business Card members can quickly generate virtual cards, or tokens, in just five minutes using Extend's app or desktop platform. This partnership aims to improve expense management, security, and payment automation, reflecting a growing trend among businesses to adopt digital payment solutions. According to the American Express Global Business Spend Indicator, 39% of U.S. businesses plan to increase their virtual card usage in the next year.
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