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American Express Co (AXP.N)

AXP.N on New York Stock Exchange

88.43USD
4:00pm EDT
Change (% chg)

$-0.57 (-0.64%)
Prev Close
$89.00
Open
$89.25
Day's High
$89.35
Day's Low
$88.28
Volume
1,142,088
Avg. Vol
1,129,451
52-wk High
$89.35
52-wk Low
$59.51

Latest Key Developments (Source: Significant Developments)

American Express and Delta to launch new Blue Delta Skymiles credit card​
Thursday, 7 Sep 2017 09:00am EDT 

Sept 7 (Reuters) - American Express Co :American Express Co - ‍American Express and Delta Air Lines launching New Blue Delta Skymiles credit card​.American Express Co - New credit card is available starting Sept. 7​.  Full Article

American Express and Regal Software offers integration for accounts payable
Tuesday, 29 Aug 2017 09:00am EDT 

Aug 29 (Reuters) - American Express Co :American Express - ‍Regal Software Technologies, co offering business customers way to pay suppliers with eligible American Express Corporate Card​.American Express Co - ‍customers can now send secure supplier payments through RegalPay platform.  Full Article

American Express says disagrees with CFPB's review of discriminatory card terms
Wednesday, 23 Aug 2017 12:08pm EDT 

Aug 23 (Reuters) - American Express Co ::Says does not agree with ‍CFPB that differences among cards issued in U.S. territories and continental U.S. before March 2013 amounted to discrimination.  Full Article

American Express files for preliminary prospectus supplement for potential notes offering
Thursday, 27 Jul 2017 09:12am EDT 

July 27 (Reuters) - American Express Co :American Express Co files for preliminary prospectus supplement to offer potential two-part note offering - SEC filing‍​.  Full Article

American Express OPEN extends small business co-brand credit card partnership with Lowe's
Thursday, 20 Jul 2017 09:00am EDT 

July 20 (Reuters) - American Express Co ::American Express OPEN extends small business co-brand credit card partnership with Lowe's.American Express Co - ‍extension of Lowe's business rewards card program​.  Full Article

American Express' Q2 EPS $1.47
Wednesday, 19 Jul 2017 06:23pm EDT 

July 19 (Reuters) - American Express Co :American Express reports second quarter EPS of $1.47; reflecting higher revenues, strong credit quality and operating expense discipline.American Express Co - ‍second-quarter consolidated total revenues net of interest expense were $8.3 billion, up 1 percent from $8.2 billion a year ago​.American Express Co - qtrly ‍consolidated provisions for losses were $584 million, up 26 percent from $463 million a year ago​.At quarter end, return on average equity (roe) was 21.7 percent, down from 26.4 percent a year ago.American Express Co - global commercial services reported second-quarter net income of $500 million, down 13 percent from $576 million a year ago.American Express Co - U.S. Consumer services reported second-quarter net income of $440 million, down 59 percent from $1.1 billion a year ago.Qtrly consolidated expenses were $5.8 billion, up 21 percent from $4.8 billion last year.American Express Co - global merchant services reported second-quarter net income of $430 million, up 15 percent from $373 million a year ago.American Express Co - international consumer and network services reported second-quarter net income of $209 million, down 8 percent.American Express Co - confident that we will deliver earnings per share between $5.60 and $5.80 in 2017.In quarter, "adjusted card member spending was up 8 percent".FY2017 earnings per share view $5.70 -- Thomson Reuters I/B/E/S.  Full Article

American Express Q2 earnings per share $1.47
Wednesday, 19 Jul 2017 04:05pm EDT 

July 19 (Reuters) - American Express Co :Q2 earnings per share $1.47.Q2 net income $1.3 billion.Q2 revenue $8.3 billion.Q2 revenue view $8.20 billion -- Thomson Reuters I/B/E/S.  Full Article

American Express reports preliminary credit card statistics for June
Monday, 17 Jul 2017 12:39pm EDT 

July 17 (Reuters) - American Express Co ::Preliminary USCS card member loans 30 days past due loans as a % of total 1.1 percent at June end versus 1.1 percent at May end.Preliminary U.S. Small business card member loans 30 days past due loans as % of total 1.1 percent at June end versus 1.1 percent at May end.Preliminary USCS card member loans net write-off rate – principal only 1.7 percent at June end versus 1.8 percent at May end.Preliminary U.S. Small business card member loans net write-off rate – principal only 1.6 percent at June end versus 1.5 percent at May end.  Full Article

American Express plans to buy back up to $4.4 billion of common shares through Q2 2018
Wednesday, 28 Jun 2017 04:36pm EDT 

June 28 (Reuters) - American Express Co :American Express plans to increase quarterly dividend by 9 percent and buy back up to $4.4 billion of common shares through q2 2018.Sets quarterly dividend of $0.35per share.American Express - new authorization enables repurchase up to $4.3 billion of common shares in calendar year 2017, up to additional $1.7 billion in first half of 2018.  Full Article

American Express card member loans stats for May
Thursday, 15 Jun 2017 12:13pm EDT 

June 15 (Reuters) - American Express Co ::USCS card member loans 30 days past due loans as a % of total 1.1 percent at May end versus 1.1 percent at April end.USCS card member loans net write-off rate – principal only 1.8 percent at May end versus 1.8 percent at April end.U.S. Small Business card member loans 30 days past due loans as a % of total 1.1 percent at May end versus 1.2 percent at April - sec filing‍​.U.S. Small Business card member loans net write-off rate – principal only 1.5 percent at May end versus 1.5 percent at Apr end.  Full Article

BRIEF-American Express reports credit card stats for August‍​

* USCS Card member loans net write-off rate – principal only 1.8 percent at August end versus 1.8 percent at July end ‍​