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 (AXP) is a global financial services leader specializing in payment solutions for consumers and businesses. This page aggregates official press releases, corporate announcements, and market analyses related to AXP's operations across its consumer, commercial, and merchant network segments.
Investors and industry observers will find timely updates on earnings reports, strategic partnerships, product innovations, and regulatory developments. The curated collection serves as a centralized hub for tracking AXP's financial performance, technological advancements in digital payments, and evolving merchant services.
Key categories include quarterly financial disclosures, leadership changes, cybersecurity initiatives, and international market expansions. All content is sourced from verified corporate communications and reputable financial publications to ensure reliability.
Bookmark this page for streamlined access to American Express's latest business developments. Check regularly for updates on credit card industry trends, corporate responsibility initiatives, and network security enhancements that shape AXP's market position.
American Express (NYSE: AXP) reported strong Q2 2024 results, with net income of $3.0 billion and EPS of $4.15, up 44% year-over-year. Excluding a $0.66 gain from the sale of Accertify, adjusted EPS was $3.49, up 21%. Revenue reached a record $16.3 billion, up 8% (9% FX-adjusted). The company raised its full-year EPS guidance to $13.30-$13.80 from $12.65-$13.15 previously.
Key highlights include:
- Billed business up 5% (6% FX-adjusted) to $388.2 billion
- 3.3 million new card acquisitions
- 24th consecutive quarter of double-digit card fee revenue growth
- Excellent credit performance
- 15% increase in marketing investments planned
American Express (NYSE: AXP) is set to open its 29th Centurion Lounge at Ronald Reagan Washington National Airport (DCA) on July 17. The nearly 12,000 square foot lounge, located in Terminal 2 past the South Security Checkpoint, will feature:
- Dishes from three award-winning chefs: Michelle Bernstein, Ravi Kapur, and Michael Solomonov
- A specialty drink menu and wine list curated by Jim Meehan and Anthony Giglio
- Artwork from local artists celebrating D.C.'s history and culture
- Signature Centurion Lounge amenities including a conference room, phone room, workstations, and shower suite
The lounge will be open Sunday – Friday from 5:00 a.m. - 9:00 p.m. ET and Saturday from 5:00 a.m. - 7:00 p.m. ET, offering views of the airfield and Potomac River.
The Board of Directors of American Express (NYSE: AXP) has announced a quarterly dividend for its 3.550% Fixed Rate Reset Noncumulative Preferred Shares, Series D. The dividend amount is $9,072.22 per share, or $9.07222 per Depositary Share. Shareholders of record on September 1, 2024, will receive the dividend on September 16, 2024.
Squarespace (NYSE: SQSP) has announced an agreement to sell its Tock platform to American Express (NYSE: AXP) for $400 million. Tock, a provider of reservation, table, and event management technology, will enhance American Express' dining program and expand its network of diners. The deal signifies American Express' continued commitment to the hospitality industry. Both companies will collaborate to offer additional value to small businesses using American Express Cards via the Amex Offers program. The transaction is pending customary closing conditions, including regulatory approval.
American Express (NYSE: AXP) announced the acquisition of Tock, a reservation and event management technology provider, from Squarespace (NYSE: SQSP), and Rooam, a mobile payments and ordering technology company. These acquisitions aim to enhance Amex's dining platform, expanding its suite of digital tools for restaurants and merchants. With Tock's network of 7,000 restaurants and Rooam's integration capabilities, Amex will offer more personalized hospitality, pre-paid experiences, and convenient payment methods. Amex will acquire Tock for $400M, while the financial details for Rooam remain undisclosed. These deals are part of Amex's strategy to support the growth of the dining and entertainment industries.
American Express (NYSE: AXP) will host a live audio webcast of its Q2 2024 earnings conference call on July 19, 2024, at 8:30 a.m. ET. The public can access the webcast on American Express' Investor Relations website. The financial results and presentation materials will be released around 7 a.m. ET, ahead of the webcast. An audio replay will also be available on the website after the call.
American Express (NYSE:AXP) and Emburse have partnered to offer an integrated expense management solution through Emburse Spend. This collaboration enables small businesses and corporations to gain better visibility into spending, reduce errors, and save time. The solution allows customers to connect their American Express Card programs to Emburse Spend, where virtual card issuance, card reconciliation, and expense management can be managed in one place. The platform pre-codes transactions with essential expense information and provides enhanced security and transparency through virtual cards. Finance leaders can optimize spending and ensure compliance, while users benefit from streamlined processes and approvals.
American Express Company (NYSE: AXP) will participate in upcoming investor conferences where Chairman and CEO Stephen J. Squeri and Chief Financial Officer Christophe Le Caillec will address questions about the company's business strategy and financial performance. The events will be live streamed and available for replay on the American Express Investor Relations website.
American Express (AXP) has declared a quarterly dividend on its Series D Preferred Shares and a regular quarterly dividend on common shares. The dividend on Series D Preferred Shares is $9,269.44 per share, payable on June 17, 2024. The regular quarterly dividend on common shares is $0.70 per share, payable on August 9, 2024.
Accel-KKR has completed the acquisition of Accertify from American Express, positioning the company for accelerated growth and innovation in the fraud prevention space. Accertify, a leading provider of fraud prevention solutions, will now focus on expanding its market presence and enhancing its product offerings. The acquisition marks a strategic move to drive value for customers and foster continued success in the global fraud protection technology market.
FAQ
What is the current stock price of American Express Co (AXP)?
What is the market cap of American Express Co (AXP)?
