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) has reintroduced the Rose Gold Card as a permanent design option for its U.S. Consumer Gold Card, responding to customer interest in customizable card designs. Alongside this launch, the company has introduced a $120 Uber Cash Benefit for Gold Card members, providing $10 monthly for rides and deliveries. In addition to dining rewards and other benefits, this initiative aims to enhance customer experience and retention. The card's design returns after positive feedback from prior limited-time offerings in 2018 and 2019.
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American Express (NYSE: AXP) and Resy launched the Order In, Help Out campaign to encourage takeout orders, especially on #TakeoutTuesday. With over half of U.S. restaurant owners considering closing permanently due to the pandemic, the campaign aims to raise awareness of the importance of takeout, which generates over $700 million in daily sales for the industry. American Express is offering dining credits up to $220 for eligible Card Members and supporting restaurants through initiatives like fee relief on Resy.
American Express (AXP) announced the opening of its 14th Centurion Lounge at Denver International Airport (DEN) on February 1, 2021. The lounge spans over 14,000 square feet, offering a safe and comfortable environment for travelers. Guests will enjoy unique amenities such as a Craft Beer Bar featuring local brews, a menu curated by award-winning Chef Lachlan Mackinnon-Patterson, and a game room. Enhanced health measures are in place to ensure safety during this time of increased travel interest, with 49% of consumers planning to fly this summer.
American Express Company (NYSE: AXP) has elected Thomas J. Baltimore, Jr. to its Board of Directors, effective January 27, 2021. Baltimore is a seasoned leader in hospitality, possessing over 30 years of experience, including significant roles at Park Hotels & Resorts, which he has led since 2016. His expertise in capital markets and strategic management is expected to enhance American Express's board. Stephen J. Squeri, the CEO of American Express, emphasized the value Baltimore will bring as the company pursues long-term growth strategies.
American Express Company (NYSE: AXP) has announced dividends for its Series B and C Preferred Shares. The quarterly dividend for Series B is set at $9,325.22 per share, payable on February 16, 2021. Shareholders must be on record by February 5, 2021. For Series C, the dividend is $8,753.75 per share, payable on March 15, 2021, with a record date of March 1, 2021. This reflects the Company's commitment to providing returns to its shareholders.
American Express Company (NYSE: AXP) reported a fourth-quarter net income of $1.4 billion, or $1.76 per share, marking a 15% decline from $1.7 billion a year prior. Total revenues net of interest expense decreased 18% to $9.4 billion. The company noted strong credit performance with delinquencies and write-offs at low levels. Despite challenges, Amex sees a path to recovery and aims to return to its original EPS expectations by 2022. For the full year, net income was $3.1 billion, down 54% from $6.8 billion in 2019.
American Express (NYSE: AXP) has announced new offers for U.S. Consumer, Small Business, and Cobrand Card Members as well as small merchants, emphasizing support for pandemic recovery. The new offers include up to $180 in statement credits through PayPal and up to $1,700 in value through Amex Offers for eligible Consumer Platinum Card Members. Small Business Card Members can earn additional Membership Rewards points and receive $250 back on qualifying purchases. Furthermore, American Express continues to assist small merchants with discounts to bolster their digital presence.
American Express Company (NYSE: AXP) will hold a live audio webcast of its earnings conference call at 8:30 a.m. (ET) on January 26, 2021, to discuss its fourth-quarter and full-year 2020 financial results. The financial results, along with presentation materials, will be made available at 7 a.m. (ET) on the same day. The webcast can be accessed via the American Express Investor Relations website. This event provides a key opportunity for investors to evaluate the company's financial performance and outlook.
The Board of Directors of American Express Company (NYSE: AXP) has declared a quarterly dividend of $0.43 per common share. This dividend is payable on February 10, 2021, to shareholders of record on January 8, 2021. American Express continues to provide a range of payment services globally, enhancing customer experiences and business success.
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