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American Express Co (AXP.N)

AXP.N on New York Stock Exchange

98.80USD
23 Feb 2018
Change (% chg)

$1.45 (+1.49%)
Prev Close
$97.35
Open
$97.78
Day's High
$98.83
Day's Low
$97.55
Volume
631,114
Avg. Vol
1,036,778
52-wk High
$102.38
52-wk Low
$75.52

Latest Key Developments (Source: Significant Developments)

American Express Acquires Mezi
Tuesday, 30 Jan 2018 

Jan 30 (Reuters) - American Express Co ::AMERICAN EXPRESS ACQUIRES MEZI.AMERICAN EXPRESS CO - ‍GOING FORWARD, MEZI WILL OPERATE AS A WHOLLY-OWNED SUBSIDIARY OF AMERICAN EXPRESS​.AMERICAN EXPRESS CO - ‍ MEZI'S CO-FOUNDERS WILL CONTINUE TO LEAD MEZI​.AMERICAN EXPRESS CO - ‍FOR THOSE CURRENTLY ALREADY ENROLLED IN ASKAMEX PILOT, IT WILL CONTINUE TO RUN THROUGH FIRST HALF OF 2018​.  Full Article

American Express Reports Q4 EPS Of $1.58 Excluding Items
Thursday, 18 Jan 2018 

Jan 18 (Reuters) - American Express Co ::AMERICAN EXPRESS REPORTS QUARTERLY REVENUES UP 10 PERCENT WITH RECORD CARD MEMBER SPENDING.SEES FY 2018 EARNINGS PER SHARE $6.90 TO $7.30.Q4 LOSS PER SHARE $1.41.Q4 EARNINGS PER SHARE VIEW $1.54 -- THOMSON REUTERS I/B/E/S.Q4 EARNINGS PER SHARE $1.58 EXCLUDING ITEMS.- SEES 2018 EARNINGS PER SHARE OF $6.90 TO $7.30.QTRLY CONSOLIDATED EXPENSES WERE $6.2 BILLION, DOWN 1 PERCENT FROM A YEAR AGO.- U.S. CONSUMER SERVICES REPORTED FOURTH-QUARTER NET INCOME OF $507 MILLION, UP 44 PERCENT FROM $351 MILLION A YEAR AGO.- QTRLY TOTAL REVENUES NET OF INTEREST EXPENSE $8.84 BILLION VERSUS $8.02 BILLION.- INTERNATIONAL CONSUMER AND NETWORK SERVICES REPORTED FOURTH-QUARTER NET INCOME OF $199 MILLION, UP FROM $84 MILLION A YEAR AGO.- QTRLY CONSOLIDATED PROVISIONS FOR LOSSES WERE $833 MILLION, UP 33 PERCENT FROM $625 MILLION A YEAR AGO.- "PLAN TO SUSPEND OUR SHARE BUYBACK PROGRAM FOR FIRST HALF OF 2018 IN ORDER TO REBUILD OUR CAPITAL".- NOW EXPECT TO INVEST UP TO $200 MILLION MORE IN 2018 THAN ORIGINALLY PLANNED FOR CUSTOMER-FACING GROWTH INITIATIVES.- "OVERALL, WE BELIEVE TAX ACT WILL BE A POSITIVE DEVELOPMENT FOR BOTH U.S. ECONOMY AND AMERICAN EXPRESS".AMERICAN EXPRESS - MIDPOINT OF 2018 EPS OUTLOOK RANGE WOULD REPRESENT ABOUT 20 PERCENT INCREASE FROM 2017 EPS, EXCLUDING IMPACTS OF TAX ACT 2017.FY2018 EARNINGS PER SHARE VIEW $7.04 -- THOMSON REUTERS I/B/E/S.  Full Article

American Express Sees FY 2017 EPS To Be Below $5.80-$5.90 Guidance Range
Wednesday, 3 Jan 2018 

Jan 3 (Reuters) - American Express Co ::SAYS ‍ESTIMATE OVERALL IMPACTS OF TAX ACT WILL REDUCE EARNINGS FOR Q4 OF 2017 BY APPROXIMATELY $2.4 BILLION​.SAYS EXPECT TO REPORT A NET LOSS FOR Q4 OF 2017​.SAYS IMPACTS OF TAX ACT IN Q4 WILL REDUCE CO'S REGULATORY CAPITAL AND OUR CAPITAL RATIOS - SEC FILING.SAYS DUE TO IMPACTS OF TAX ACT, SEES FULL YEAR 2017 EARNINGS PER SHARE TO BE BELOW $5.80 TO $5.90 GUIDANCE RANGE - SEC FILING.FY2017 EARNINGS PER SHARE VIEW $5.85 -- THOMSON REUTERS I/B/E/S.SAYS ‍BEGINNING IN 2018, CO ANTICIPATES AN EFFECTIVE TAX RATE IN LOW TWENTIES BEFORE DISCRETE TAX ITEMS​.SAYS ‍LOWER CORPORATE RATE FROM TAX ACT IS EXPECTED TO BE A "SIGNIFICANT ONGOING BENEFIT" TO CO.  Full Article

Marriott Signs New Co-Brand Credit Card Agreements With JPMorgan Chase, American Express
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - Marriott International Inc ::MARRIOTT INTERNATIONAL SIGNS NEW CO-BRAND CREDIT CARD AGREEMENTS WITH JPMORGAN CHASE AND AMERICAN EXPRESS.MARRIOTT - REACHED NEW AGREEMENTS WITH JPMORGAN CHASE & AMERICAN EXPRESS FOR U.S.-ISSUED, CO-BRAND CREDIT CARDS ASSOCIATED WITH LOYALTY PROGRAMS.MARRIOTT - MARRIOTT EXPECTS TO INTRODUCE NEW, CO-BRAND PRODUCTS STARTING IN 2018.MARRIOTT - FOR NOW, THERE WILL BE NO CHANGES TO MARRIOTT'S EXISTING CO-BRAND CARDS FOR MEMBERS.  Full Article

American Express ‍Declared A Regular Quarterly Dividend Of $0.35 Per Common Share​
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - American Express Co ::SAYS ‍DECLARED A REGULAR QUARTERLY DIVIDEND OF $0.35 PER COMMON SHARE​.  Full Article

American Express launches AMEX Advance Personalization Services across industries​
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - American Express Co -:‍American Express launches AMEX Advance Personalization Services to companies across advertising, travel and service industries​.  Full Article

American Express enters agreement for issuance of notes
Friday, 27 Oct 2017 

Oct 27 (Reuters) - American Express Co ::Says on Oct 23, entered terms agreement for issuance and sale of $1.5 billion aggregate principal amount of 2.200% notes due Oct 30, 2020‍​.Says also entered terms agreement for issuance and sale of $500 million aggregate amount of floating rate notes due October 30, 2020.Says ‍also entered terms agreement for issuance and sale of $1.65 billion aggregate principal amount of 3.000% notes due October 30, 2024​.Says ‍securities will be issued pursuant to senior debt indenture, dated as of Aug 1, 2007, between co and Bank Of New York Mellon​.  Full Article

American Express says possible that unrecognized tax benefits could decrease within next 12 months by as much as $307 mln
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - American Express Co :American Express - Believes it's reasonably possible that unrecognized tax benefits could decrease within next 12 months by as much as $307 million.American Express - Unrecognized tax benefits could decrease as result of potential resolutions of prior years’ tax items with taxing authorities.  Full Article

American Express incoming CEO Squeri to get annual base salary of $1.5 mln - SEC filing
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - American Express Co :American Express Co <<>> - Incoming CEO Stephen Squeri will receive an annual base salary of $1.5 million - SEC filing.American Express - Incoming CEO Stephen Squeri will be eligible to earn an annual cash incentive award of $4.5 million.American Express - Squeri will also be eligible to annual long-term incentive award of restricted stock units and stock options with a value of $10.2 million.American Express - In addition, Squeri will be awarded performance-vesting options on oct 31, 2017 with a grant date fair value of $4.5 million.  Full Article

American Express says qtrly ‍​earnings per share $1.50
Wednesday, 18 Oct 2017 

Oct 18 (Reuters) - American Express Co -:American Express Co - qtrly ‍​earnings per share $1.50.American Express Co - qtrly revenue $8.4 billion.American Express Co - Q3 earnings per share view $1.48, revenue view $8.29 billion -- Thomson Reuters I/B/E/S.  Full Article

BRIEF-American Express Reports Credit Card Stats for Jan

* AMERICAN EXPRESS-USCS CARD MEMBER LOANS 30 DAYS PAST DUE LOANS AS A % OF TOTAL 1.4 PERCENT AT JAN END VERSUS 1.3 PERCENT AT DEC END