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American Express Co (AXP.N)

AXP.N on New York Stock Exchange

118.74USD
18 Sep 2019
Change (% chg)

$-0.31 (-0.26%)
Prev Close
$119.05
Open
$118.59
Day's High
$118.79
Day's Low
$117.47
Volume
832,465
Avg. Vol
874,159
52-wk High
$129.33
52-wk Low
$89.07

Latest Key Developments (Source: Significant Developments)

American Express Reports Second-Quarter Earnings Per Share Of $2.07
Friday, 19 Jul 2019 

July 19 (Reuters) - American Express Co ::AMERICAN EXPRESS REPORTS SECOND-QUARTER EARNINGS PER SHARE OF $2.07 STRONG REVENUE GROWTH REFLECTS HIGHER CARD MEMBER SPENDING, LOANS AND CARD FEES COMPANY REAFFIRMS 2019 OUTLOOK.COMPANY REAFFIRMS 2019 OUTLOOK.QTRLY CONSOLIDATED PROVISIONS FOR LOSSES WERE $861 MILLION, UP 7 PERCENT FROM $806 MILLION A YEAR AGO.QTRLY CONSOLIDATED EXPENSES WERE $7.8 BILLION, UP 9 PERCENT FROM $7.1 BILLION A YEAR AGO.QTRLY GLOBAL CONSUMER SERVICES GROUP REPORTED SECOND-QUARTER NET INCOME OF $738 MILLION, DOWN 4 PERCENT FROM $770 MILLION A YEAR AGO.QTRLY PERFORMANCE WAS DRIVEN BY A "WELL-BALANCED MIX OF SPENDING VOLUMES, LENDING INCOME AND CARD FEES.".QTRLY GLOBAL COMMERCIAL SERVICES REPORTED SECOND-QUARTER NET INCOME OF $644 MILLION, UP 14 PERCENT FROM $564 MILLION A YEAR AGO..QTRLY OPERATING EXPENSES WERE UP 7 PERCENT FROM A YEAR AGO.ADDED 2.9 MILLION NEW PROPRIETARY CARDS THIS QUARTER.QTRLY GLOBAL MERCHANT AND NETWORK SERVICES REPORTED SECOND-QUARTER NET INCOME OF $632 MILLION, UP 16 PERCENT.TO INCREASE REGULAR QUARTERLY DIVIDEND ON COMMON SHARES TO 43 CENTS PER SHARE FROM 39 CENTS BEGINNING WITH THIRD QUARTER 2019.FY2019 EARNINGS PER SHARE VIEW $8.14, REVENUE VIEW $43.57 BILLION -- REFINITIV IBES DATA.EXCLUDING IMPACT OF FOREIGN EXCHANGE RATES, QTRLY ADJUSTED REVENUES NET OF INTEREST EXPENSE GREW 10 PERCENT.  Full Article

American Express Announces Qtrly U.S. Billed Business of $209.2 Bln Versus $195.4 Bln
Friday, 19 Jul 2019 

July 19 (Reuters) - American Express Co ::AMERICAN EXPRESS CO - QTRLY U.S. BILLED BUSINESS $209.2 BILLION VERSUS $195.4 BILLION.AMERICAN EXPRESS CO - QTRLY BILLED BUSINESS OUTSIDE THE U.S. $102.5 BILLION VERSUS $101.1 BILLION.AMERICAN EXPRESS CO - QUARTERLY DISCOUNT REVENUE $6,577 MILLION VERSUS $6,194 MILLION.AMERICAN EXPRESS CO - QUARTERLY CARD MEMBER REWARDS EXPENSES $2,652 MILLION VERSUS $2,433 MILLION.  Full Article

American Express reports Q2 Earnings Of $2.07 Per Share
Friday, 19 Jul 2019 

July 19 (Reuters) - American Express Co ::QUARTERLY EARNINGS PER SHARE $2.07.QUARTERLY REVENUE $10.8 BILLION.Q2 EARNINGS PER SHARE VIEW $2.04, REVENUE VIEW $10.82 BILLION -- REFINITIV IBES DATA.  Full Article

American Express Says Co is Offering $1.25 Bln Principal Amount Of 2.750% Notes Due May 20, 2022
Friday, 17 May 2019 

May 17 (Reuters) - American Express Co ::AMERICAN EXPRESS - OFFERING $1.25 BILLION PRINCIPAL AMOUNT OF 2.750% NOTES DUE MAY 20, 2022.AMERICAN EXPRESS - ALSO OFFERING $900 MILLION FLOATING RATE NOTES DUE MAY 20, 2022, AND $850 MILLION 3.125% NOTES DUE MAY 20, 2026 - SEC FILING.  Full Article

Third Point Takes Share Stake In Boston Scientific, United Technologies
Wednesday, 15 May 2019 

May 15 (Reuters) - Third Point LLC::THIRD POINT LLC TAKES SHARE STAKE OF 5 MILLION SHARES IN BOSTON SCIENTIFIC.THIRD POINT LLC TAKES SHARE STAKE OF 6.5 MILLION SHARES IN UNITED TECHNOLOGIES CORP.THIRD POINT LLC CUTS SHARE STAKE IN AMERICAN EXPRESS TO 1.5 MILLION SHARES FROM 2.9 MILLION SHARES.THIRD POINT LLC TAKES SHARE STAKE IN COLFAX CORP OF 2 MILLION SHARES - SEC FILING.THIRD POINT LLC: CHANGE IN HOLDINGS ARE AS OF MARCH 31, 2019 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF DECEMBER 31, 2018.  Full Article

American Express Says Berkshire Amends 1995 Voting, Securities Disposal Agreement
Monday, 6 May 2019 

May 6 (Reuters) - American Express Co ::CO AND BERKSHIRE HATHAWAY ENTERED INTO A LETTER AGREEMENT.AMENDED AND RESTATED LETTER AGREEMENT DATED FEB 27, 1995 RELATING TO BERKSHIRE'S VOTING, DISPOSAL OF CO'S VOTING SECURITIES.ALSO AMENDED LETTER AGREEMENT DATED JULY, 1995 RELATING TO BERKSHIRE'S OBLIGATIONS TO CO WITH RESPECT TO CERTAIN COMMITMENTS.BERKSHIRE AGREED AS LONG AS IT OWNS 10 PERCENT/MORE OF VOTING SECURITIES OF CO, IT WILL COMPLY WITH AMENDED PASSIVITY COMMITMENTS.IF BERKSHIRE OWNS 5%/MORE, WILL VOTE VOTING SECURITIES IN ACCORDANCE WITH RECOMMENDATION OF BOARD SO LONG AS STEPHEN SQUERI IS CEO.BERKSHIRE CAN NOW RETAIN UP TO 25% OF CO'S VOTING SECURITIES, WHERE IN INCREASE IN PERCENT OWNERSHIP ABOVE 17% IS DUE TO BUYBACKS.  Full Article

Delta Air Lines Says March Quarter Total Unit Revenues Expected To Grow About 2 Pct
Tuesday, 2 Apr 2019 

April 2 (Reuters) - Delta Air Lines Inc ::FOR MARCH QUARTER, TOTAL UNIT REVENUES ARE EXPECTED TO GROW APPROXIMATELY 2%.DELTA AIR LINES - EXPECTS TO DELIVER MARCH QUARTER RESULTS OF APPROXIMATELY 7% TOP-LINE GROWTH, MARGIN EXPANSION AND $1.6 BILLION OF SHAREHOLDER RETURNS.FOR MARCH QUARTER, NON - FUEL UNIT COSTS ARE EXPECTED TO BE FLAT TO UP 0.5% YEAR OVER YEAR.DELTA AIR LINES - REMAINS ON TARGET TO RETURN ABOUT $2.5 BILLION FOR FULL YEAR.FOR MARCH QUARTER, SEE ADJUSTED EARNINGS PER SHARE OF $0.85-$0.95.Q1 EARNINGS PER SHARE VIEW $0.80 -- REFINITIV IBES DATA.FOR MARCH QUARTER, SEE SYSTEM CAPACITY UP 5 PERCENT.DELTA AIR LINES - SEES MARCH QUARTER TRASM, ADJUSTED UP ABOUT 2 %.FOR MARCH QUARTER, SEE CASM-EX FLAT TO UP 0.5 PERCENT.CONTRACT EXTENSION WITH AMERICAN EXPRESS PROVIDES BENEFIT TO TOTAL UNIT REVENUES OF APPROXIMATELY 1 POINT IN MARCH QUARTER.SEES MARCH QUARTER AVERAGE FUEL PRICE PER GALLON, ADJUSTED $2.03 - $2.08.  Full Article

American Express And Delta Renew Partnership, Lay Foundation To Continue Innovating Customer Benefits
Tuesday, 2 Apr 2019 

April 2 (Reuters) - American Express Co ::AMERICAN EXPRESS AND DELTA RENEW INDUSTRY-LEADING PARTNERSHIP, LAY FOUNDATION TO CONTINUE INNOVATING CUSTOMER BENEFITS.AMERICAN EXPRESS CO - NEW AGREEMENT EXTENDS RELATIONSHIP THROUGH 2029.AMERICAN EXPRESS - CO, DELTA SIGNED 11-YEAR RENEWAL EXTENDING EXCLUSIVE DELTA SKYMILES CREDIT CARDS FROM AMERICAN EXPRESS PORTFOLIO THROUGH END OF 2029.AMERICAN EXPRESS CO - DELTA EXPECTS ITS BENEFIT FROM RELATIONSHIP TO DOUBLE TO NEARLY $7 BILLION ANNUALLY BY 2023, UP FROM $3.4 BILLION IN 2018.AMERICAN EXPRESS CO - CO-BRAND CREDIT CARDS, DELTA SKY CLUB ACCESS AND MEMBERSHIP REWARDS PROGRAM REMAIN KEY FEATURES OF PARTNERSHIP.AMERICAN EXPRESS CO - AFFIRMED ITS PREVIOUS GUIDANCE FOR 2019 OF FX-ADJUSTED REVENUE GROWTH IN 8-10 PERCENT RANGE.AMERICAN EXPRESS CO - ECONOMICS OF NEW TERMS ARE NOT EXPECTED TO HAVE A MATERIAL EFFECT ON Q1 RESULTS.AMERICAN EXPRESS - AFFIRMED ITS PREVIOUS GUIDANCE FOR 2019 OF ADJUSTED EPS BETWEEN $7.85 AND $8.35.  Full Article

American Express Sets Regular Quarterly Dividend Of $0.39 Per Share
Monday, 11 Mar 2019 

March 11 (Reuters) - American Express Co ::SETS REGULAR QUARTERLY DIVIDEND OF $0.39 PER SHARE.  Full Article

Air Canada Renews Strategic Partnership With American Express
Thursday, 28 Feb 2019 

Feb 28 (Reuters) - Air Canada ::AIR CANADA RENEWS STRATEGIC PARTNERSHIP WITH AMERICAN EXPRESS FOR ITS PARTICIPATION IN AIR CANADA'S NEW LOYALTY PROGRAM.AIR CANADA - NEW PREMIUM AMERICAN EXPRESS CARD PRODUCTS TO LAUNCH WITH AIR CANADA'S NEW LOYALTY PROGRAM IN 2020.AIR CANADA - 10-YEAR DEAL WILL PROVIDE CONTINUITY FOR JOINT CUSTOMERS.AIR CANADA - COMPANIES WILL EXPAND AND DEEPEN THEIR PARTNERSHIP IN CONSUMER, SMALL BUSINESS AND CORPORATE SPACE.AIR CANADA - 10-YEAR AGREEMENTS COVER CREATION OF NEW CO-BRANDED PAYMENT CARDS, OTHERS.  Full Article

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U.S. travel industry urges Washington to reauthorize tourism body Brand USA

Some 15 executives from companies associated with the tourism industry, such as American Express and Marriott , have urged the U.S. government to renew federal funding of Brand USA, which promotes the United States as a travel destination.