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) announced the finale of the American Express UNSTAGED series with a benefit concert featuring Shawn Mendes on December 6, 2020. This event, promoting Mendes' new album Wonder, aims to reconnect Card Members with exclusive music experiences amidst pandemic constraints. Attendees can RSVP for free or purchase exclusive packages, with a portion of ticket sales benefiting the Shawn Mendes Foundation. The series has successfully engaged fans globally, enhancing American Express's brand presence in entertainment during a time of limited in-person events.
American Express (NYSE: AXP) has launched its "100 for 100" program, selecting 100 Black women entrepreneurs to receive $25,000 grants and 100 days of resources including business education, mentorship, and marketing support. This initiative aligns with Amex's $1 billion plan to enhance representation and promote equality. Black women entrepreneurs are a fast-growing segment, founding 763 new businesses daily, yet face challenges in accessing necessary resources for success. The program aims to provide tailored support to empower these innovative business leaders.
American Express (NYSE: AXP) CEO Stephen J. Squeri will speak at the Goldman Sachs U.S. Financial Services Conference on December 8, 2020, at 9:20 a.m. ET. The virtual event will include a Q&A session focused on the company's business strategy and financial performance. A live audio webcast will be available to the public via the American Express Investor Relations website, with an audio replay accessible after the event. American Express is a global payments company that offers products, insights, and experiences for customers.
American Express (NYSE:AXP) has enhanced its Early Pay solution in the U.S., a supply chain payment platform aimed at large companies and their suppliers. This upgraded service, originally launched in 2018, offers improved digital payment capabilities, helping businesses optimize cash flow, capture early payment discounts, and streamline accounts payable processes. According to a study, automating early payments could yield up to $8.84 billion in savings for U.S. companies. The initiative reflects American Express's commitment to addressing B2B payment challenges and supporting digital transformation.
American Express (NYSE: AXP) CFO Jeffrey C. Campbell will speak at the Bank of America Securities Future of Financials Conference on November 10, 2020, at 1:40 p.m. (ET). The session will include a virtual Q&A focusing on the company's business strategy and financial performance. A live audio webcast will be available to the public on the American Express Investor Relations website. An audio replay will be accessible post-event.
American Express is a global payments company offering products and experiences that enhance customers' lives and support business success.
American Express (NYSE: AXP) partners with Uber to offer exclusive benefits for U.S. Consumer Platinum, Gold, and Green Card Members, aimed at enhancing at-home dining experiences. Effective immediately, Platinum, Gold, and Green Card Members receive a complimentary Eats Pass Membership for up to 12 months, valued at $119. Additionally, starting next year, Gold Card Members will gain $120 in annual Uber Cash for Uber Eats or rides. These initiatives stem from a shared commitment to meet consumer demands for food delivery, building on existing dining benefits to elevate customer experience.
American Express (NYSE: AXP) has appointed Charles Phillips to its Board of Directors, effective December 1, 2020. With extensive experience in the technology sector, Phillips has a proven track record of leading significant digital transformations. He co-founded Recognize, a technology investment firm, and previously served as CEO of Infor, enhancing its cloud capabilities. His background includes major roles at Oracle and Morgan Stanley. This appointment aims to leverage Phillips' insights to enhance strategic priorities and bolster growth initiatives.
American Express Company (AXP) reported third-quarter net income of $1.1 billion, or $1.30 per share, down from $1.8 billion, or $2.08 per share in Q3 2019. Total revenues net of interest expense fell to $8.8 billion, a 20% decline year-over-year. Provisions for credit losses dropped 24% to $665 million, reflecting lower net write-offs. Despite these declines, spending volumes showed signs of recovery, particularly in non-travel and entertainment sectors. The company maintained a strong liquidity position while cautious about ongoing pandemic impacts on the economy.
American Express Company (NYSE: AXP) has declared dividends on its Series B and C Preferred Shares. The quarterly dividend for Series B is set at $9,373.33 per share, payable on November 16, 2020, to shareholders of record on November 1, 2020. For Series C, the quarterly dividend will be $8,936.66 per share, payable on December 15, 2020, to shareholders of record on December 1, 2020. These dividends reflect the company's ongoing commitment to returning value to shareholders.
American Express (NYSE: AXP) is hosting a virtual event, "Business Class LIVE: Summit for Success," on October 20, 2020, aimed at supporting small businesses amid COVID-19 challenges. The event will provide resources, networking opportunities, and valuable insights tailored for entrepreneurs, particularly focusing on minority-owned businesses. Key findings from the American Express Business Resiliency Survey indicate a strong entrepreneurial spirit, with 75% of business owners optimistic about recovery. The Summit will cover topics like business resilience, marketing strategies, and access to capital, featuring 35 sessions with industry experts.
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