American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide. The company operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Its products and services include payment and financing products; network services; accounts payable expense management products and services; and travel and lifestyle services. The company's products and services also comprise merchant acquisition and processing, servicing and settlement, point-of-sale marketing, and information products and services for merchants; and fraud prevention services, as well as the design and operation of customer loyalty programs. It sells its products and services to consumers, small businesses, mid-sized companies, and large corporations through mobile and online applications, third-party vendors and business partners, direct mail, telephone, in-house sales teams, and direct response advertising. American Express Company was founded in 1850 and is headquartered in New York, New York.
IPO Year:
Exchange: NYSE
Website: americanexpress.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/14/2024 | $265.00 → $300.00 | Buy | Monness Crespi & Hardt |
| 10/8/2024 | $265.00 → $270.00 | Buy → Hold | HSBC Securities |
| 10/8/2024 | $230.00 | Neutral → Sell | BTIG Research |
| 10/7/2024 | $268.00 → $286.00 | Overweight → Neutral | JP Morgan |
| 8/21/2024 | $263.00 | Buy → Neutral | BofA Securities |
| 7/22/2024 | $260.00 → $265.00 | Buy | Monness Crespi & Hardt |
| 7/16/2024 | $260.00 | Neutral | Compass Point |
| 7/15/2024 | $250.00 → $260.00 | Buy | Monness Crespi & Hardt |
| 6/10/2024 | $250.00 | Neutral | Citigroup |
| 6/7/2024 | Neutral | BTIG Research |
American Express Company (NYSE:AXP) Chairman and Chief Executive Officer Stephen J. Squeri will participate in the Goldman Sachs U.S. Financial Services Conference in New York on Tuesday, December 10, 2024, at 09:20 a.m. Eastern. Mr. Squeri will participate in a fireside chat relating to the Company's business strategy and financial performance. A live audio webcast of the discussion will be accessible to the general public through the American Express Investor Relations website at http://ir.americanexpress.com. An audio replay will be available after the event at the same website address. ABOUT AMERICAN EXPRESS American Express is a globally integrated payments company, providing custom
The Board of Directors of American Express Company (NYSE:AXP) declared a quarterly dividend on the Company's 3.550% Fixed Rate Reset Noncumulative Preferred Shares, Series D, of $8,973.61 per share (which is equivalent to $8.97361 per related Depositary Share). The dividend is payable on December 16, 2024 to shareholders of record on December 1, 2024. ABOUT AMERICAN EXPRESS American Express is a globally integrated payments company, providing customers with access to products, insights and experiences that enrich lives and build business success. Learn more at americanexpress.com and connect with us on facebook.com/americanexpress, instagram.com/americanexpress, linkedin.com/company/amer
As an Official Partner of Formula 1, American Express will increase its presence at F1 races, from five in the Americas to more than 20 globally, bringing incredible access and experiences to even more Card Members around the world American Express and Formula 1® today announce a new multi-year sponsorship that expands Amex's partnership with the world's leading motorsport from the Americas region to the global stage and across the F1 calendar as an Official Partner (encompassing Australia, Asia, Europe, the Americas, and the Middle East). Elizabeth Rutledge, Chief Marketing Officer, American Express, said: "We are thrilled to expand our relationship with Formula 1, building on the strong
10th Consecutive Quarter of Record Revenue, Rising 8% Over Prior Year to $16.6 Billion American Express Company (NYSE:AXP) today reported third-quarter net income of $2.51 billion, or $3.49 per share, compared with net income of $2.45 billion, or $3.30 per share, a year ago. (Millions, except per share amounts, and where indicated) Quarters Ended September 30, Percentage Inc/(Dec) Nine Months Ended September 30, Percentage Inc/(Dec) 2024 2023 2024 2023 Billed Business (Billions) $387.3 $366.2 6% $1,142.5 $1,079.8 6% FX-adjusted1 $366.4 6% $1,076.4 6% Total Revenues Net of Interest Exp
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of "a+" (Excellent) of AMEX Assurance Company (AMEX Assurance) (Rosemont, IL). The outlook of these Credit Ratings (ratings) is stable. AMEX Assurance is a wholly owned subsidiary of American Express Company (American Express) (NYSE:AXP). The ratings reflect AMEX Assurance's balance sheet strength, which AM Best assesses as very strong, as well as its very strong operating performance, neutral business profile and appropriate enterprise risk management (ERM). AMEX Assurance's balance sheet strength assessment of very strong is supported by risk-adjusted capitalization at the stronges
Today, American Express Travel revealed the next installment of its Trending Destinations list, highlighting the top ten must-visit places for 2025 with Millennial and Gen Z1 travelers in mind. This year's list features noteworthy destinations based on global American Express® Card Member travel bookings and expertise from Amex Travel's global network of Travel Consultants. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241003561370/en/American Express Travel's 2025 Trending Destinations (Photo: Business Wire) The 2025 Trending Destinations list includes: BRISBANE, AUSTRALIA - Located between the Gold and Sunshine Coasts, Brisb
The collaboration leverages Boost's patented Straight-Through Processing (STP) solution to address supplier challenges with manual processing of virtual Card payments As part of its ongoing investment in its B2B (business-to-business) network and in enhancing buyer and supplier capabilities, American Express (NYSE:AXP) today announced a new offering by Boost Payment Solutions, a global leader in B2B payments, to provide commercial virtual Card processing services to U.S. merchants who accept American Express. Qualified American Express merchants will now have access to Boost Intercept®, Boost's patented Straight-Through Processing (STP) solution, at no additional cost. This collaboration w
At first-ever Flywire Fusion event, Flywire's momentum in solving cross-border and domestic payments challenges was on full display More than 100 U.S. institutions are powered by the full-suite or solutions of Flywire's Student Financial Software, which is delivering meaningful ROI Product leaders and industry experts share strategies to improve retention, drive recruitment and optimize student financial for domestic and international students success BOSTON and PHOENIX, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Flywire's ongoing commitment to its large and growing footprint of U.S. education clients was showcased this week in Phoenix, Arizona, where more than 100 leading U.
The Board of Directors of American Express Company (NYSE:AXP) has declared a regular quarterly dividend of $0.70 per common share, payable on November 8, 2024, to shareholders of record on October 4, 2024. ABOUT AMERICAN EXPRESS American Express is a globally integrated payments company, providing customers with access to products, insights and experiences that enrich lives and build business success. Learn more at americanexpress.com and connect with us on facebook.com/americanexpress, instagram.com/americanexpress, linkedin.com/company/american-express, X.com/americanexpress, and youtube.com/americanexpress. Key links to products, services and corporate sustainability information: pers
American Express Company (NYSE:AXP) plans to host a live audio webcast of its earnings conference call at 8:30 a.m. (ET) on Friday, October 18, 2024, to discuss third quarter 2024 financial results. The webcast will be accessible to the general public through the American Express Investor Relations website at https://ir.americanexpress.com/. The financial results and presentation materials are scheduled to be released and posted on the website at approximately 7 a.m. (ET) prior to the conference call, and an audio replay will be available on the website following the call. ABOUT AMERICAN EXPRESS American Express is a globally integrated payments company, providing customers with access t
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Monness Crespi & Hardt reiterated coverage of American Express with a rating of Buy and set a new price target of $300.00 from $265.00 previously
HSBC Securities downgraded American Express from Buy to Hold and set a new price target of $270.00 from $265.00 previously
BTIG Research downgraded American Express from Neutral to Sell and set a new price target of $230.00
JP Morgan downgraded American Express from Overweight to Neutral and set a new price target of $286.00 from $268.00 previously
BofA Securities downgraded American Express from Buy to Neutral and set a new price target of $263.00
Monness Crespi & Hardt reiterated coverage of American Express with a rating of Buy and set a new price target of $265.00 from $260.00 previously
Compass Point initiated coverage of American Express with a rating of Neutral and set a new price target of $260.00
Monness Crespi & Hardt reiterated coverage of American Express with a rating of Buy and set a new price target of $260.00 from $250.00 previously
Citigroup initiated coverage of American Express with a rating of Neutral and set a new price target of $250.00
BTIG Research initiated coverage of American Express with a rating of Neutral
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The Board of Directors of American Express Company (NYSE:AXP) declared a quarterly dividend on the Company's 3.550% Fixed Rate Reset Noncumulative Preferred Shares, Series D, of $8,973.61 per share (which is equivalent to $8.97361 per related Depositary Share). The dividend is payable on December 16, 2024 to shareholders of record on December 1, 2024. ABOUT AMERICAN EXPRESS American Express is a globally integrated payments company, providing customers with access to products, insights and experiences that enrich lives and build business success. Learn more at americanexpress.com and connect with us on facebook.com/americanexpress, instagram.com/americanexpress, linkedin.com/company/amer
10th Consecutive Quarter of Record Revenue, Rising 8% Over Prior Year to $16.6 Billion American Express Company (NYSE:AXP) today reported third-quarter net income of $2.51 billion, or $3.49 per share, compared with net income of $2.45 billion, or $3.30 per share, a year ago. (Millions, except per share amounts, and where indicated) Quarters Ended September 30, Percentage Inc/(Dec) Nine Months Ended September 30, Percentage Inc/(Dec) 2024 2023 2024 2023 Billed Business (Billions) $387.3 $366.2 6% $1,142.5 $1,079.8 6% FX-adjusted1 $366.4 6% $1,076.4 6% Total Revenues Net of Interest Exp
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of "a+" (Excellent) of AMEX Assurance Company (AMEX Assurance) (Rosemont, IL). The outlook of these Credit Ratings (ratings) is stable. AMEX Assurance is a wholly owned subsidiary of American Express Company (American Express) (NYSE:AXP). The ratings reflect AMEX Assurance's balance sheet strength, which AM Best assesses as very strong, as well as its very strong operating performance, neutral business profile and appropriate enterprise risk management (ERM). AMEX Assurance's balance sheet strength assessment of very strong is supported by risk-adjusted capitalization at the stronges
The Board of Directors of American Express Company (NYSE:AXP) has declared a regular quarterly dividend of $0.70 per common share, payable on November 8, 2024, to shareholders of record on October 4, 2024. ABOUT AMERICAN EXPRESS American Express is a globally integrated payments company, providing customers with access to products, insights and experiences that enrich lives and build business success. Learn more at americanexpress.com and connect with us on facebook.com/americanexpress, instagram.com/americanexpress, linkedin.com/company/american-express, X.com/americanexpress, and youtube.com/americanexpress. Key links to products, services and corporate sustainability information: pers
American Express Company (NYSE:AXP) plans to host a live audio webcast of its earnings conference call at 8:30 a.m. (ET) on Friday, October 18, 2024, to discuss third quarter 2024 financial results. The webcast will be accessible to the general public through the American Express Investor Relations website at https://ir.americanexpress.com/. The financial results and presentation materials are scheduled to be released and posted on the website at approximately 7 a.m. (ET) prior to the conference call, and an audio replay will be available on the website following the call. ABOUT AMERICAN EXPRESS American Express is a globally integrated payments company, providing customers with access t
NEW YORK, Aug. 2, 2024 /PRNewswire/ -- Squarespace, Inc. (NYSE:SQSP), the design-driven platform helping entrepreneurs build brands and businesses online, today announced results for the second quarter ended June 30, 2024. Second Quarter 2024 Financial Highlights Total revenue grew 20% year over year to $296.8 million in the second quarter, compared with $247.5 million in the second quarter of 2023, and 20% in constant currency.Presence revenue grew 25% year over year to $215.4 million and 26% in constant currency.Commerce revenue grew 8% year over year to $81.4 million and 8
Q2 EPS Increased 44% to $4.15, or 21% to $3.49 Excluding a Transaction Gain1 Revenue Grew 8% (9% FX-Adjusted2) to Record $16.3 Billion American Express Company (NYSE:AXP) today reported second-quarter net income of $3.0 billion, or $4.15 per share, compared with net income of $2.2 billion, or $2.89 per share, a year ago. Second-quarter earnings per share included a $0.66 gain from the sale of Accertify, which closed during the quarter. Excluding the transaction gain, adjusted EPS was $3.49, up 21 percent from the prior year.1 (Millions, except per share amounts, and where indicated) Quarters Ended June 30, Percentage Inc/(Dec) Six Mo
The Board of Directors of American Express Company (NYSE:AXP) has declared a quarterly dividend on the Company's 3.550% Fixed Rate Reset Noncumulative Preferred Shares, Series D, of $9,072.22 per share (which is equivalent to $9.07222 per related Depositary Share). The dividend is payable on September 16, 2024 to shareholders of record on September 1, 2024. ABOUT AMERICAN EXPRESS American Express is a globally integrated payments company, providing customers with access to products, insights and experiences that enrich lives and build business success. Learn more at americanexpress.com and connect with us onfacebook.com/americanexpress, instagram.com/americanexpress, linkedin.com/compan
American Express Company (NYSE:AXP) plans to host a live audio webcast of its earnings conference call at 8:30 a.m. (ET) on Friday, July 19, 2024, to discuss second-quarter 2024 financial results. The webcast will be accessible to the general public through the American Express Investor Relations website at https://ir.americanexpress.com/. The financial results and presentation materials are scheduled to be released and posted on the website at approximately 7 a.m. (ET) prior to the conference call, and an audio replay will be available on the website following the call. ABOUT AMERICAN EXPRESS American Express is a globally integrated payments company, providing customers with access
The Board of Directors of American Express Company (NYSE:AXP) has declared a quarterly dividend on the Company's 3.550% Fixed Rate Reset Noncumulative Preferred Shares, Series D, of $9,269.44 per share (which is equivalent to $9.26944 per related Depositary Share). The dividend is payable on June 17, 2024 to shareholders of record on June 1, 2024. The Board also declared a regular quarterly dividend of $0.70 per common share, payable on August 9, 2024, to shareholders of record on July 5, 2024. ABOUT AMERICAN EXPRESS American Express is a globally integrated payments company, providing customers with access to products, insights and experiences that enrich lives and build business suc
Today, Hilton (NYSE:HLT) and American Express (NYSE:AXP) introduced the enhanced Hilton Honors American Express Business Card, featuring new benefits and up to $240 each year in annual statement credits on eligible Hilton purchases, along with a simplified rewards structure to earn Hilton Honors Bonus Points wherever Card Members spend. The updated Card enables Card Members to use their business purchases to fuel future Hilton stays, all with the powerful backing of American Express. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240328486102/en/(Photo: Business Wire) "At Hilton, we understand the importance of small and medium-
The new Hilton Honors American Express Card benefits will accompany new metal and recycled plastic card designs Today, Hilton (NYSE:HLT) and American Express (NYSE:AXP) introduced new and refreshed benefits for the Hilton Honors American Express Surpass® and Hilton Honors American Express Aspire Cards, providing more value, greater flexibility, and an even better travel experience. The Cards offer new ways to earn points on everyday spending, including online retail purchases, and generous credits for Hilton stays and essential travel services, like car rentals and flights. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231019
Enhanced benefits and features include 4X Membership Rewards® points for essential business spending like new categories for transit and electronics, up to $395 in statement credits each year on eligible purchases at select business merchants, and a new Rose Gold design option The Business Gold Card also offers access to a suite of digital payment services, including payment flexibility and Business Blueprint insights American Express today introduced the refreshed U.S. American Express Business Gold Card with enhanced ability to earn 4X Membership Rewards points in top business spending categories, enroll in benefits to earn statement credits, and other new business-focused benefits. I
Campbell will remain with the company as Vice Chairman until March 2024 American Express Company (NYSE:AXP) today announced that Jeffrey C. Campbell, Vice Chairman and Chief Financial Officer, has decided to retire from the company. He will step down as the company's CFO as of August 14, 2023, at which time Christophe Le Caillec, Deputy Chief Financial Officer, will succeed him as CFO, and join the American Express Executive Committee. Mr. Campbell will remain with American Express as Vice Chairman until March 2024. "On behalf of the Board, the Executive Committee and the entire company, I am incredibly grateful for Jeff's partnership, strategic counsel and friendship over the past ten
Financial giants have made a conspicuous bearish move on American Express. Our analysis of options history for American Express (NYSE:AXP) revealed 10 unusual trades. Delving into the details, we found 0% of traders were bullish, while 100% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $286,350, and 8 were calls, valued at $324,889. Expected Price Movements After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $220.0 and $280.0 for American Express, spanning the last three months. Volume & Open Interest Development In terms of liquidity and interest, the mean open inte
Monness, Crespi, Hardt analyst Gus Gala maintains American Express (NYSE:AXP) with a Buy and raises the price target from $260 to $265.
Goldman Sachs analyst Ryan M. Nash maintained American Express Co (NYSE:AXP) with a Buy and raised the price target from $263 to $270. American Express reported mixed fiscal 2024 second-quarter results, with an EPS beat driven by a lower provision while Pre-provision Net Revenue (PPNR) was in line, Nash said. The focus was on its outlook, where American Express is pointing to deceleration in Net Interest Income (NII) and similar billed business growth trends. Also Read: American Express Q2 Earnings: CEO Raises Annual Profit And Marketing Spend Outlook After Q2 Profit Beat The analyst said credit appears to be performing better and offsetting top-line softness. Putting it all to
B of A Securities analyst Kenneth Bruce maintains American Express (NYSE:AXP) with a Buy and raises the price target from $247 to $263.
RBC Capital analyst Jon Arfstrom maintains American Express (NYSE:AXP) with a Outperform and raises the price target from $265 to $267.
On CNBC's “Halftime Report Final Trades,” Jenny Van Leeuwen Harrington of Gilman Hill Asset Management said Clearway Energy, Inc. (NYSE:CWEN) has a 6.5% dividend yield. Clearway Energy will report second quarter financial results on Thursday, Aug. 1. The company posted a first-quarter GAAP loss of 2 cents per share on May 9. Jason Snipe of Odyssey Capital Advisors said American Express Company (NYSE:AXP) reported solid earnings. American Express reported worse-than-expected second-quarter sales results. The company's second-quarter revenue (net of interest expense) grew 8% year-on-year to $16.33 billion, slightly missing the analyst consensus estimate of $16.59 billion. Adjusted EPS
Wall Street is poised to close the week in the red, with all major indices trading in negative territory at midday in New York, as broader sentiment remains weak following a temporary tech outage caused by a cloud software update from CrowdStrike Holdings Inc. (NASDAQ:CRWD) that led to widespread disruptions across several sectors worldwide. The S&P 500 index is down 0.6% as of 12:50 p.m. ET, extending its weekly decline to 1.8%, marking its worst week since April. The tech-heavy Nasdaq 100 is underperforming the broader market, down 1%, reflecting general weakness in the technology sector and bringing its weekly loss to 3.9%, also the worst in three months. The Dow Jones is also af
U.S. stocks traded mixed this morning, with the Dow Jones index falling more than 100 points on Friday. Following the market opening Friday, the Dow traded down 0.32% to 40,532.98 while the NASDAQ rose 0.14% to 17,895.95. The S&P 500 also rose, gaining, 0.17% to 5,553.92. Check This Out: Wall Street’s Most Accurate Analysts Weigh In On 3 Real Estate Stocks Delivering High-Dividend Yields Leading and Lagging SectorsCommunication services shares jumped by 1% on Thursday. In trading on Thursday, energy shares fell by 0.6%. Top Headline American Express Co (NYSE:AXP) reported better-than-expected earnings for its second quarter on Friday. The company's second-quarter revenue
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