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 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
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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.
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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
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%).
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.
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