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American Express Co (AXP.N)

AXP.N on New York Stock Exchange

105.70USD
14 Dec 2018
Change (% chg)

$-1.00 (-0.94%)
Prev Close
$106.70
Open
$105.63
Day's High
$106.43
Day's Low
$104.95
Volume
1,351,980
Avg. Vol
973,808
52-wk High
$114.55
52-wk Low
$87.56

Latest Key Developments (Source: Significant Developments)

Third Point Takes Stake In American Express, Ups In Microsoft
Friday, 9 Nov 2018 

Nov 9 (Reuters) - Third Point Llc::THIRD POINT LLC TAKES STAKE IN AMERICAN EXPRESS CO OF 5 MILLION SHARES - SEC FILING.THIRD POINT LLC UPS SHARE STAKE IN MICROSOFT CORP BY 82.2 PERCENT TO 4.1 MILLION SHARES.THIRD POINT LLC DISSOLVES SHARE STAKE IN VULCAN MATERIALS CO.THIRD POINT LLC DISSOLVES SHARE STAKE IN ELECTRONIC ARTS INC.THIRD POINT LLC CUTS SHARE STAKE IN DOWDUPONT INC BY 15 PERCENT TO 12.2 MILLION SHARES.THIRD POINT LLC: CHANGE IN HOLDINGS ARE AS OF SEPTEMBER 30, 2018 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF JUNE 30, 2018.  Full Article

Third Point Discloses New Position In American Express
Friday, 9 Nov 2018 

Nov 9 (Reuters) - American Express Co ::THIRD POINT LLC, IN THIRD QUARTER 2018 INVESTOR LETTER, DISCLOSES NEW POSITION IN AMERICAN EXPRESS.THIRD POINT LLC - THINK MARKETS UNDER‐APPRECIATE STRATEGIC PIVOT OCCURRING AT AMEX, SEE SHARES TRADING ABOVE $135 OVER NEXT 18 MONTHS.  Full Article

American Express Gets People's Bank Of China Preparatory Approval
Friday, 9 Nov 2018 

Nov 9 (Reuters) - American Express Co ::AMERICAN EXPRESS RECEIVES PEOPLE’S BANK OF CHINA’S PREPARATORY APPROVAL FOR A CLEARING AND SETTLEMENT LICENSE IN MAINLAND CHINA.AMERICAN EXPRESS CO - CAN NOW BEGIN BUILDING A NETWORK BUSINESS TO PROCESS DOMESTIC, RMB TRANSACTIONS THROUGH ITS JOINT-VENTURE IN MAINLAND CHINA.AMERICAN EXPRESS - FORMED JV WITH LIANLIAN TO BUILD NETWORK BUSINESS ENABLING CHARGES ON AMEX BRANDED CARDS TO BE CLEARED, SETTLED DOMESTICALLY BY JV.AMERICAN EXPRESS CO - JOINT-VENTURE IS REGISTERED AS EXPRESS (HANGZHOU) TECHNOLOGY SERVICES COMPANY (EXPRESS COMPANY).AMERICAN EXPRESS CEO SAYS "PLEASED TO BE FIRST FOREIGN PAYMENTS NETWORK ALLOWED TO BUILD A NETWORK IN MAINLAND CHINA".  Full Article

American Express files prospectus supplement related to three part note offering - SEC Filing
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - American Express Co ::AMERICAN EXPRESS FILES PROSPECTUS SUPPLEMENT RELATED TO THREE PART NOTE OFFERING - SEC FILING.  Full Article

American Express Says Received Investigative Subpoenas From Civil, Criminal Divisions Of DOJ For Information On Foreign Exchange International Payments
Tuesday, 23 Oct 2018 

Oct 23 (Reuters) - American Express Co ::AMERICAN EXPRESS - RECEIVED INVESTIGATIVE SUBPOENAS FROM CIVIL, CRIMINAL DIVISIONS OF DOJ FOR INFORMATION ON FOREIGN EXCHANGE INTERNATIONAL PAYMENTS.AMERICAN EXPRESS - CONDUCTING A REVIEW WITH AN OUTSIDE LAW FIRM OF FXIP'S PRICING PRACTICES.AMERICAN EXPRESS - DO NOT BELIEVE MATTER RELATED TO FXIP WILL HAVE AMATERIAL ADVERSE IMPACT ON OPERATIONS OR RESULTS.AMERICAN EXPRESS - ALSO RECEIVED INQUIRIES FROM FEDERAL RESERVE, OCC, CFPB, FDIC, OTHERS FOR INFORMATION RELATING TO FXIP.  Full Article

American Express Co Says Launched Amazon Business American Express Card
Tuesday, 23 Oct 2018 

Oct 23 (Reuters) - Amazon.com Inc ::AMERICAN EXPRESS CO - LAUNCHED AMAZON BUSINESS AMERICAN EXPRESS CARD.  Full Article

American Express Co Reports Quarterly Total Cards-In-Force Of 115.1 Million Versus 112.9 Million
Thursday, 18 Oct 2018 

Oct 18 (Reuters) - American Express Co ::AMERICAN EXPRESS CO - QTRLY TOTAL CARDS-IN-FORCE 115.1 MILLION VERSUS 112.9 MILLION.AMERICAN EXPRESS CO - QTRLY DISCOUNT REVENUE $6,181 MILLION VERSUS $5700 MILLION.AMERICAN EXPRESS CO QTRLY CARD MEMBER REWARDS EXPENSES $2,400 MILLION VERSUS $2,168 MILLION.  Full Article

Paypal Reports Third Quarter 2018 Results
Thursday, 18 Oct 2018 

Oct 18 (Reuters) - Paypal Holdings Inc ::PAYPAL REPORTS THIRD QUARTER 2018 RESULTS.Q3 GAAP EARNINGS PER SHARE $0.36.SEES FY 2018 REVENUE UP 18 TO 19 PERCENT.Q3 REVENUE $3.68 BILLION VERSUS I/B/E/S VIEW $3.66 BILLION.Q3 NON-GAAP EARNINGS PER SHARE $0.58.Q3 EARNINGS PER SHARE VIEW $0.54 -- THOMSON REUTERS I/B/E/S.IN QUARTER, 9.1 MILLION ACTIVE ACCOUNTS ADDED VERSUS AN INCREASE OF 8.2 MILLION IN Q3 2017.$143 BILLION IN TOTAL PAYMENT VOLUME (TPV) IN QUARTER, UP 24%, OR 25% ON AN FX-NEUTRAL BASIS.PAYPAL HOLDINGS-FOR 2018 EXPECTS REVENUE TO GROW 18 - 19% AT CURRENT SPOT RATES & 17 - 18% ON AN FX-NEUTRAL BASIS, TO A RANGE OF $15.420-$15.500 BILLION.IN QUARTER, 2.5 BILLION PAYMENT TRANSACTIONS, UP 27%.FOR 2018 EXPECTS GAAP EARNINGS PER DILUTED SHARE IN RANGE OF $1.65 - $1.69.SEES Q4 2018 REVENUE TO GROW 13 - 15% AT CURRENT SPOT RATES AND 13 - 15% ON AN FX-NEUTRAL BASIS, TO $4.195 BILLION - $4.275 BILLION.ANNOUNCES PARTNERSHIPS WITH AMERICAN EXPRESS AND WALMART.SEES Q4 2018 GAAP EARNINGS PER DILUTED SHARE IN THE RANGE OF $0.43 - $0.47.QUARTERLY TRANSACTION MARGIN WAS 54.9 PERCENT VERSUS. 56.0 PERCENT REPORTED IN Q2 2018.PAYPAL HOLDINGS - FOR 2018 EXPECTS NON-GAAP EARNINGS PER DILUTED SHARE IN RANGE OF $2.38 - $2.40.SEES Q4 2018 NON-GAAP EARNINGS PER DILUTED SHARE IN THE RANGE OF $0.65 - $0.67.PAYPAL - AGREEMENT WITH AMEX WILL ALLOW PAYPAL TO ACCESS AMEX TOKENS AND ENABLES DEEP INTEGRATION OF PAYPAL CAPABILITIES WITH AMEX PLATFORM.  Full Article

American Express And Paypal Announce Expanded Strategic Partnership
Thursday, 18 Oct 2018 

Oct 18 (Reuters) - PayPal Holdings Inc ::AMERICAN EXPRESS AND PAYPAL ANNOUNCE EXPANDED STRATEGIC PARTNERSHIP.PAYPAL HOLDINGS INC - CARD MEMBERS WILL HAVE ABILITY TO USE MEMBERSHIP REWARDS POINTS FOR PURCHASES.PAYPAL HOLDINGS INC - CARD MEMBERS WILL HAVE ABILITY TO SEND PEER-TO-PEER PAYMENTS VIA VENMO AND PAYPAL DIRECTLY FROM AMEX MOBILE APP.PAYPAL HOLDINGS - AS PART OF AGREEMENT, BOTH COMPANIES WILL ALSO EXPLORE ADDITIONAL INNOVATIVE DIGITAL PRODUCTS AND EXPERIENCES.PAYPAL HOLDINGS INC - PAYPAL AND AMERICAN EXPRESS WILL WORK TOGETHER TO IMPLEMENT FEATURES OVER COURSE OF 2019.  Full Article

American Express Board Authorizes 11 Pct Dividend Increase
Tuesday, 25 Sep 2018 

Sept 25 (Reuters) - American Express Co ::AMERICAN EXPRESS BOARD AUTHORIZES 11 PERCENT DIVIDEND INCREASE.SETS QUARTERLY DIVIDEND OF $0.39PER SHARE.DIVIDEND RAISED TO $0.39 PER COMMON SHARE, FROM $0.35, PAYABLE ON NOVEMBER 9, 2018.  Full Article

CORRECTED-Apple launches payments service in Germany following delay

FRANKFURT, Dec 11 Apple has launched its mobile payments service in Germany, four years after its start in the United States and trailing Google, which started its payments app in the country in June.