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 Company (NYSE: AXP) is a global payments and premium lifestyle brand that regularly issues news about its business strategy, customer programs and financial performance. Founded in 1850 and headquartered in New York, the company emphasizes trust, security and service, and communicates frequently with investors and customers through press releases and webcasts.
On this page, readers can follow American Express news covering topics such as earnings conference call announcements, dividend declarations and participation in financial services conferences. The company often announces dates for quarterly earnings webcasts and other investor events, providing insight into how management discusses business trends and financial results.
American Express also releases news about its support for small businesses and communities, including grant programs for small and independently owned restaurants and Shop Small initiatives. Additional coverage includes programs like the American Express Leadership Academy for nonprofit leaders and partnerships that expand access to dining, travel and entertainment experiences, such as activities around major sporting events and collaborations with platforms like Resy.
Updates on technology and commercial solutions, including partnerships to enhance virtual card issuance and real-time transaction data for expense management, are another recurring theme in the company’s news flow. Investors and observers can use this news page to monitor how American Express presents its brand, customer initiatives and product capabilities over time. For those tracking AXP stock, the news feed offers a centralized view of company announcements that may inform their understanding of the business.
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American Express (NYSE: AXP) launched American Express Global Pay, a new digital solution for U.S. businesses to execute secure domestic and international B2B payments. This platform supports payments to suppliers in over 40 countries and offers benefits such as Membership Rewards points and same business-day delivery for eligible transactions. According to a June 2022 survey, 64% of U.S. small businesses anticipate increased spending abroad, while many cite payment complexity as a barrier. The platform aims to simplify this process with transparent fees and a user-friendly interface.
American Express Company (NYSE: AXP) reported a second-quarter net income of $2.0 billion, or $2.57 per share, down from $2.3 billion, or $2.80 per share, a year ago. Total revenues increased by 31% to $13.4 billion, driven by a 30% rise in Card Member spending, especially in travel and entertainment. Provisions for credit losses were $410 million compared to a benefit of $606 million last year. The company raised its full-year revenue growth guidance to 23%-25% and maintained EPS guidance of $9.25 to $9.65. Overall, the credit performance remained strong despite increased expenses.
Marriott Bonvoy and American Express have enhanced the Marriott Bonvoy Business American Express Card for small business owners, effective July 21, 2022. Key updates include a 7% room rate discount on eligible bookings, 4X points at restaurants worldwide, and complimentary Gold Elite status, all while maintaining the $125 annual fee. New Card Members can earn 125,000 points after spending $5,000 within three months, available until August 31, 2022. This move responds to a strong interest from small business leaders for discounted travel options, as shown in a recent survey.
American Express (AXP) is partnering with SiriusXM for the 'Small Stage Series' to promote local businesses through live performances in five U.S. cities this summer. The initiative includes a $30 gift card incentive for eligible Card Members at participating small businesses. A recent survey indicates that shopping small could contribute up to $793 billion to the economy this summer. Despite inflation concerns, 77% of small business owners are optimistic about sales, with 62% expecting higher revenues compared to last year.
American Express has launched an enhanced version of the Blue Cash Everyday Card, now offering 3% cash back on U.S. online retail purchases, supermarkets, and gas stations on up to $18,000 per year. New monthly statement credits include $15 for Home Chef online meal kit purchases and $7 for The Disney Bundle subscriptions. Card Members can earn over $250 in value annually without an annual fee. The card now features a sleek design and additional benefits, aligning with consumer demand for cash back on everyday purchases.
American Express (NYSE: AXP) announced its "Backing Historic Small Restaurants" grant program, awarding $1 million in total funding to 25 historic independent restaurants across the U.S. Each restaurant will receive $40,000 to improve their physical spaces and support operating costs. This program, now in its second year, aims to assist these significant establishments in enhancing customer service and ensuring their longevity within the community. The initiative reflects American Express's commitment to supporting small businesses.
American Express Company (NYSE: AXP) will host a live audio webcast to discuss its Q2 2022 financial results at 8:30 a.m. (ET) on July 22, 2022. The financial results and presentation materials will be released via their Investor Relations website at approximately 7 a.m. (ET). An audio replay will be available post-call. American Express is recognized as a leading global payments company, offering a range of products and insights to enhance customer experiences and support business growth.
American Express (AXP) and Delta Air Lines (DAL) launched a limited-edition credit card design made from retired Delta Boeing 747 aircraft. Available from June 16 to August 3, 2022, the card offers Card Members exclusive augmented reality content and honors aviation history. The design incorporates 25% metal from the retired aircraft, known as the 'Queen of the Skies.' With more than half of consumers planning to travel more this summer, the partnership emphasizes premium travel benefits for Delta loyalists, including complimentary lounge access and limited-time offers for earning miles.
American Express (NYSE: AXP) has expanded its $120 Dining Credit program by adding three new partners: Goldbelly, Wine.com, and Milk Bar, enhancing options for Gold Card Members. Cardholders can earn up to $10 in monthly statement credits at these and other participating locations like Grubhub and The Cheesecake Factory. To celebrate, AXP will host 'Amex Gold x Resy Present: The Boardwalk' event on July 9, 2022, at Santa Monica Pier, featuring popular restaurants and activities. The Dining Credit program has grown in popularity since its 2018 launch.