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American Express Co (AXP.N)

AXP.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

FBI Has Launched A Probe Into Pricing Practices Within American Express's Foreign-Exchange Unit - WSJ
Wednesday, 5 Sep 2018 

Sept 5 (Reuters) - :THE FEDERAL BUREAU OF INVESTIGATION HAS LAUNCHED A PROBE INTO PRICING PRACTICES WITHIN AMERICAN EXPRESS'S FOREIGN-EXCHANGE UNIT - WSJ, CITING SOURCES.FBI'S INVESTIGATION OF AMERICAN EXPRESS IS FOCUSED ON WHETHER FOREIGN-EXCHANGE INTERNATIONAL PAYMENTS DEPARTMENT MISREPRESENTED PRICING TO CLIENTS - WSJ.  Full Article

American Express Recommends Shareholders Reject “Mini-Tender” Offer By Baker Mills Llc
Wednesday, 29 Aug 2018 

American Express Co ::AMERICAN EXPRESS RECOMMENDS SHAREHOLDERS REJECT “MINI-TENDER” OFFER BY BAKER MILLS LLC.AMERICAN EXPRESS - RECEIVED NOTIFICATION OF UNSOLICITED "MINI-TENDER" OFFER BY BAKER MILLS TO BUY UP TO 45,000 SHARES AT $82/SHARE.  Full Article

American Express And Greensky Team Up To Fuel Business Growth Through Enhanced Digital Payments
Monday, 6 Aug 2018 

Aug 6 (Reuters) - American Express Co ::AMERICAN EXPRESS AND GREENSKY TEAM UP TO FUEL BUSINESS GROWTH THROUGH ENHANCED DIGITAL PAYMENTS AND FINANCING CAPABILITIES.AMERICAN EXPRESS CO - GREENSKY WILL HAVE ACCESS TO AMERICAN EXPRESS VPAYMENT, TO FACILITATE PURCHASES VIA VIRTUAL ACCOUNT NUMBERS.  Full Article

American Express Says Resuming Share Buyback Program During Q3 Of The Year
Tuesday, 24 Jul 2018 

July 24 (Reuters) - American Express Co ::AMERICAN EXPRESS CO SAYS DURING QUARTER, RECEIVED NOTICE FROM BOARD OF GOVERNORS OF FEDERAL RESERVE SYSTEM THAT DID NOT OBJECT TO CO'S CAPITAL PLAN.AMERICAN EXPRESS CO SAYS RESUMING SHARE BUYBACK PROGRAM DURING THIRD QUARTER OF THE YEAR - SEC FILING.  Full Article

American Express Reports Second-Quarter EPS Of $1.84
Wednesday, 18 Jul 2018 

July 18 (Reuters) - American Express Co ::AMERICAN EXPRESS REPORTS SECOND-QUARTER EPS OF $1.84; REVENUES RISE 9 PERCENT WITH BROAD-BASED GROWTH IN CARD MEMBER SPENDING AND LOANS; COMPANY REAFFIRMS FULL-YEAR EPS GUIDANCE AT HIGH-END OF $6.90 TO $7.30 OUTLOOK.COMPANY REAFFIRMS FULL-YEAR EPS GUIDANCE AT HIGH-END OF $6.90 TO $7.30 OUTLOOK.QTRLY CONSOLIDATED EXPENSES WERE $7.1 BILLION, UP 7 PERCENT FROM $6.6 BILLION A YEAR AGO.QTRLY TOTAL REVENUES $10,002 MILLION VERSUS $9,172 MILLION.GLOBAL CONSUMER SERVICES GROUP REPORTED Q2 NET INCOME OF $770 MILLION, UP 25 PERCENT FROM $615 MILLION A YEAR AGO.Q2 EARNINGS PER SHARE VIEW $1.82, REVENUE VIEW $10.05 BILLION -- THOMSON REUTERS I/B/E/S.GLOBAL COMMERCIAL SERVICES REPORTED Q2 NET INCOME OF $564 MILLION, UP 18 PERCENT FROM $477 MILLION A YEAR AGO.FY2018 EARNINGS PER SHARE VIEW $7.24 -- THOMSON REUTERS I/B/E/S.QTRLY CONSOLIDATED PROVISIONS FOR LOSSES WERE $806 MILLION, UP 38 PERCENT FROM $583 MILLION A YEAR AGO.GLOBAL MERCHANT AND NETWORK SERVICES REPORTED Q2 NET INCOME OF $543 MILLION, UP 14 PERCENT FROM $476 MILLION A YEAR AGO.SEES FY 2018 REVENUE UP AT LEAST 9 PERCENT.FY2018 REVENUE VIEW $40.29 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

American Express Says Preliminary USCS Card Member Loans 30 Days Past Due Was 1.3 Pct Of Total At June End
Monday, 16 Jul 2018 

July 16 (Reuters) - American Express Co ::AMERICAN EXPRESS-PRELIMINARY USCS CARD MEMBER LOANS 30 DAYS PAST DUE LOANS AS A % OF TOTAL 1.3 PERCENT AT JUNE END VERSUS 1.3 PERCENT AT MAY END.AMERICAN EXPRESS-PRELIMINARY USCS CARD MEMBER LOANS NET WRITE-OFF RATE – PRINCIPAL ONLY 2.0 PERCENT AT JUNE END VERSUS 2.2 PERCENT AT MAY END.AMERICAN EXPRESS-PRELIMINARY U.S.SMALL BUSINESS CARD MEMBER LOANS 30 DAYS PAST DUE LOANS AS A%OF TOTAL 1.2 % AT JUNE END VERSUS 1.2 % AT MAY END.AMERICAN EXPRESS-PRELIMINARY U.S.SMALL BUSINESS CARD MEMBER LOANS NET WRITE-OFF RATE-PRINCIPAL ONLY 1.6 % AT JUNE END VERSUS 1.9 % AT MAY END.  Full Article

American Express Plans To Increase Quarterly Dividend By 11 Percent
Thursday, 28 Jun 2018 

June 28 (Reuters) - American Express Co ::AMERICAN EXPRESS PLANS TO INCREASE QUARTERLY DIVIDEND BY 11 PERCENT AND BUY BACK UP TO $3.4 BILLION OF COMMON SHARES THROUGH Q2 2019.AMERICAN EXPRESS CO - PLANS TO RESUME SHARE REPURCHASES IN SECOND HALF OF YEAR.AMERICAN EXPRESS CO - PLAN INCLUDED INCREASING COMPANY'S QUARTERLY DIVIDEND TO 39 CENTS PER SHARE BEGINNING WITH Q3 2018 DIVIDEND DECLARATION.AMERICAN EXPRESS CO - PLAN INCLUDED REPURCHASING UP TO $3.4 BILLION OF COMMON SHARES DURING CCAR APPROVAL PERIOD OF Q3'18 TO Q2'19.AMERICAN EXPRESS CO - NEW AUTHORIZATION ENABLES COMPANY TO REPURCHASE UP TO $1.6 BILLION OF COMMON SHARES IN CALENDAR YEAR 2018.AMERICAN EXPRESS CO - NEW AUTHORIZATION ENABLES COMPANY TO REPURCHASE UP TO AN ADDITIONAL $1.9 BILLION IN FIRST HALF OF 2019.  Full Article

Wells Fargo And American Express Introduce New Propel Card
Monday, 25 Jun 2018 

June 25 (Reuters) - American Express Co ::WELLS FARGO AND AMERICAN EXPRESS INTRODUCE NEW PROPEL CARD.  Full Article

American Express Says New Reportable Operating Segments Include Global Commercial Services
Wednesday, 20 Jun 2018 

June 20 (Reuters) - American Express Co ::AMERICAN EXPRESS - NEW REPORTABLE OPERATING SEGMENTS ARE GLOBAL CONSUMER SERVICES GROUP, GLOBAL MERCHANT AND NETWORK SERVICES - SEC FILING.AMERICAN EXPRESS - NEW REPORTABLE OPERATING SEGMENTS INCLUDE GLOBAL COMMERCIAL SERVICES.AMERICAN EXPRESS CO - FINANCIAL DISCLOSURES TO REFLECT ORGANIZATIONAL CHANGES STARTING IN THE SECOND QUARTER OF 2018.  Full Article

Soros Fund Management Dissolves Share Stake Qualcomm, Twitter
Tuesday, 15 May 2018 

May 15 (Reuters) - Soros Fund Management::SOROS FUND MANAGEMENT TAKES SHARE STAKE IN AMERICAN EXPRESS TO 181,847 SHARES - SEC FILING.SOROS FUND MANAGEMENT UPS SHARE STAKE IN BANK OF AMERICA TO 2.4 MILLION SHARES FROM 264,600 SHARES - SEC FILING.SOROS FUND MANAGEMENT REPORTS SHARE STAKE IN NEW YORK TIMES OF 126,400 SHARES - SEC FILING.SOROS FUND MANAGEMENT DISSOLVES SHARE STAKE IN QUALCOMM - SEC FILING.SOROS FUND MANAGEMENT CUTS SHARE STAKE IN URBAN OUTFITTERS TO 569,339 SHARES FROM ABOUT 1 MILLION SHARES - SEC FILING.SOROS FUND MANAGEMENT DISSOLVES SHARE STAKE IN TWITTER - SEC FILING.SOROS FUND MANAGEMENT UPS SHARE STAKE IN ADVANCED MICRO DEVICES TO 392,000 SHARES FROM 26,300 SHARES - SEC FILING.SOROS FUND MANAGEMENT REPORTS SHARE STAKE IN AIG OF 298,763 SHARES - SEC FILING.SOROS FUND MANAGEMENT UPS SHARE STAKE IN COTY TO 1.1 MILLION CLASS A SHARES FROM 130,100 CLASS A SHARES - SEC FILING.SOROS FUND MANAGEMENT - CHANGE IN HOLDINGS ARE AS OF MARCH 31, 2018 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF DEC 31, 2017.  Full Article

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AmEx's forex unit being probed by FBI over pricing practices: WSJ

Pricing practices within American Express Co's foreign-exchange unit is being probed by the Federal Bureau of Investigation (FBI), the Wall Street Journal reported, citing people familiar with the matter.