Welcome to our dedicated page for American Express news (Ticker: AXP), a resource for investors and traders seeking the latest updates and insights on American Express stock.
American Express Company reports news about a global payments and premium lifestyle brand that issues charge and credit card products, operates a merchant payment network, and serves consumers, small and mid-sized businesses, large corporations, and merchants. Company updates often cover earnings releases, Card Member spending and credit performance, dividend actions on common and preferred shares, investor presentations, and capital allocation.
American Express news also includes product and network developments tied to commercial cards, co-brand card programs, Membership experiences, merchant relationships, Resy dining initiatives, small-business education, and brand partnerships. These announcements reflect the company's model of combining payments, lending, merchant acceptance, rewards, and service experiences across its global network.
The Board of Directors of American Express Company (NYSE: AXP) has announced a regular quarterly dividend of $0.43 per common share, which will be payable on May 10, 2021, to shareholders of record on April 2, 2021. This dividend payment reflects the company's ongoing commitment to returning value to its shareholders amidst its operations in the global payments sector.
American Express Company (NYSE: AXP) has appointed Lisa W. Wardell, CEO of Adtalem Global Education Inc., to its Board of Directors, effective March 8, 2021. Wardell will also join the Board's Risk Committee. With extensive experience in business transformation and strategic partnerships in the financial services sector, her expertise in diversity and regulatory matters is expected to enhance American Express's governance. Previously, she led significant acquisitions at Adtalem and has served in various senior roles within investment firms and consulting.
American Express (NYSE: AXP) released the American Express Travel: Global Travel Trends Report, revealing strong consumer interest in travel nearly a year after the COVID-19 pandemic. Key findings include that 87% of respondents feel planning future trips gives them hope, with 76% working on destination wish lists. Notably, 56% would book tomorrow despite potential cancellations, and 68% are aiming for sustainable travel. The report highlights a shift towards personalized luxury travel and conscious consumerism, as 72% plan to support local economies while traveling.
American Express (NYSE: AXP) has launched the 'Backing Historic Small Restaurants' initiative, investing over $1 million to aid historic restaurants in the U.S. as they recover from the pandemic. The program will provide 25 grants of $40,000 each to selected restaurants for improvements in their physical and digital operations. Partners like AT&T, Dell Technologies, and Resy will support these efforts with additional resources and training. The initiative aims to preserve the cultural significance of these establishments, with grantee announcements scheduled for May during National Preservation Month.
American Express Co. (NYSE: AXP) CEO Stephen J. Squeri will join Hilton Worldwide Holdings Inc. (NYSE: HLT) CEO Christopher J. Nassetta for a joint Q&A session at the Citi 2021 Virtual Global Property CEO Conference on March 9, starting at 12:15 p.m. ET. The session will be accessible via a live audio webcast on the American Express Investor Relations website. An audio replay will also be available post-event. American Express is recognized as a global payments company, providing a range of financial products and services to enhance customer experiences.
American Express (NYSE: AXP) plans to open its 16th Centurion Lounge at Washington, D.C.’s Reagan National Airport and expand existing locations at Seattle-Tacoma and San Francisco airports by late 2022. The new DCA lounge will cover over 11,500 square feet and offer unique city-inspired amenities. The SEA lounge will triple in size while SFO will nearly double, both providing enhanced experiences for Card Members. A recent survey indicates that 62% of travelers feel comfortable flying domestically within 6 months, prompting this expansion to support travel benefits.
American Express (NYSE: AXP) CFO Jeffrey C. Campbell will speak at the KBW Fintech Payments Conference on February 23, at 8:50 a.m. ET. He will engage in a virtual Q&A session, discussing 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, with an audio replay accessible after the event.
American Express is a global payments company that offers products and insights to enhance customer experiences and business success.
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.