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 (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.
American Express (NYSE: AXP) has partnered with GlobalGiving to expand its employee charitable giving program globally. Now, colleagues in over 30 locations can donate to vetted nonprofit projects in 170+ countries, with contributions matched by the American Express Foundation. This initiative enhances the existing Give2Gether program, which saw more than 29,000 employees donate $5.6 million last year. The partnership aims to support organizations tackling issues like health care access and social equality, especially in response to challenges exacerbated by the COVID-19 pandemic.
American Express (NYSE: AXP) is set to open its 13th Centurion Lounge at John F. Kennedy Airport (JFK) Terminal 4. Spanning over 15,000 square feet, it is the largest lounge to date, featuring two guest floors. Health practices including socially distanced seating and served food will be implemented. The lounge will boast an '1850' speakeasy bar and a menu by James Beard Award nominee Ignacio Mattos. The opening aligns with a rise in domestic travel bookings by Amex Card Members, indicating increasing consumer confidence in air travel.
American Express (NYSE: AXP) has released its inaugural Environmental, Social and Governance (ESG) report, evolving from its previous Corporate Social Responsibility report. The document emphasizes their commitment to supporting colleagues, customers, and communities during the COVID-19 pandemic, showcasing efforts in diversity and inclusion, customer relief programs, and philanthropic contributions. Key highlights include a 250% increase in female Executive Committee members since 2018 and over $42 million in charitable contributions in 2019. The report establishes a new ESG Steering Committee to guide future initiatives.
The Board of Directors of American Express Company (NYSE: AXP) has declared a quarterly dividend of $0.43 per common share. This dividend is set to be paid on November 10, 2020, to shareholders of record on October 9, 2020. American Express continues to focus on providing integrated payment solutions and enriching customer experiences globally.