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.
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
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.
American Express Company (NYSE: AXP) reported a strong fourth-quarter performance with net income of $1.7 billion, or $2.18 per share, a 24% increase year-over-year. Total revenues surged 30% to $12.1 billion, driven by record Card Member spending. For the full year, net income reached $8.1 billion, or $10.02 per share, reflecting a 17% revenue increase to $42.4 billion. The company raised its growth aspirations, forecasting 18-20% revenue growth in 2022 and proposing a 20% increase in its quarterly dividend, subject to board approval.
American Express Company (NYSE: AXP) announced it will host an Investor Day on March 16, 2022, at 1 p.m. Eastern. Key executives, including Chairman and CEO Stephen J. Squeri and Vice Chairman and CFO Jeffrey C. Campbell, will present the company's strategic direction, initiatives, and business trends. A live webcast will be available, with additional details to be posted on the American Express Investor Relations website.
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