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American Express Co (AXP)

AXP on New York Consolidated

74.29USD
7 Dec 2016
Change (% chg)

$1.98 (+2.74%)
Prev Close
$72.31
Open
$72.47
Day's High
$74.72
Day's Low
$72.23
Volume
5,801,483
Avg. Vol
4,501,867
52-wk High
$74.72
52-wk Low
$50.27

Latest Key Developments (Source: Significant Developments)

American Express raises full year guidance and reaffirms 2017 outlook
Wednesday, 19 Oct 2016 05:42pm EDT 

American Express Co : American Express Co - Raises full year guidance and reaffirms 2017 outlook . American Express Co - Qtrly Return On Average Equity (ROE) was 26 percent, down from 27 percent a year ago . Excluding a restructuring charge related to cost reduction efforts, adjusted diluted earnings per share was $1.24. . American Express Co - U.S. consumer services reported third-quarter net income of $401 million, down 26 percent from $542 million a year ago . American Express - International consumer and network services reported Q3 net income of $155 million, up 1 percent from $154 million a year ago . American Express Co qtrly consolidated provisions for losses were $504 million, down 5 percent from $529 million a year ago .American Express Co - Qtrly consolidated expenses were $5.5 billion, down 3 percent from $5.7 billion a year ago.  Full Article

American Express reports August credit card statistics
Thursday, 15 Sep 2016 12:11pm EDT 

American Express Co : U.S. Small Business Card Member Loans 30 days past due loans as a % of total at August end 1.1 % versus 1.1% at July end . USCS card member loans net write-off rate – principal only at August end 1.6% versus 1.6 percent at July end . USCS card member loans 30 days past due loans as a % of total at August end 1.1 % versus 1.1 percent at July end .U.S. Small Business Card Member Loans net write-off rate – principal only at August end 1.6 % versus 1.5% at July end.  Full Article

American Express Canada launches UsePoints for Purchases
Friday, 9 Sep 2016 07:00am EDT 

American Express Co :Announces usepoints for purchases allowing members to use membership rewards points towards eligible purchases charged to card.  Full Article

American Express and Delta Private Jets announce new partnership
Wednesday, 31 Aug 2016 12:42pm EDT 

American Express : American Express and Delta Private Jets announce new partnership .New premium private jet program offers a reduced fee for platinum card members who purchase Delta Private Jets Card Membership.  Full Article

American Express Co announces redemption of 6.80 pct subordinated debentures
Thursday, 28 Jul 2016 02:00pm EDT 

American Express Co says - :American Express Co says redemption of its 6.80 pct subordinated debentures.  Full Article

American Express U.S. Consumer Services net income up 74 pct
Wednesday, 20 Jul 2016 04:15pm EDT 

American Express Co : Qtrly return on average equity (ROE) was 26.4 percent, down from 28.1 percent a year ago. . Qtrly consolidated provisions for losses were $463 million, down 1 percent from $467 million a year ago . Net income from quarter included a gain of $1.1 billion ($677 million after-tax) from sale of company's Costco U.S. cobrand card portfolio . Quarter net income of $373 million, up 1 percent from $369 million a year ago . Net income from quarter included $232 million ($151 million after-tax) restructuring charge related to efforts to reduce cost base . "Expect 2016 results to be at the high end of the range we shared earlier this year" . "During the quarter, we again made substantial investments in marketing and technology to help grow the business" . Expectations for 2017 remain unchanged . Now plan to increase the quarterly dividend by 10 percent to 32 cents per share . Qtrly consolidated expenses were $4.8 billion, down 15 percent from $5.6 billion a year ago . U.S. Consumer Services reported second-quarter net income of $1.1 billion, up 74 percent from $613 million a year ago. . Quarter net income of $576 million, up 5 percent from $550 million a year ago . International Consumer and Network Services reported second-quarter net income of $228 million, up 18 percent.  Full Article

American Express Q2 earnings per share $2.10
Wednesday, 20 Jul 2016 04:05pm EDT 

American Express Co : Q2 earnings per share $2.10 . Q2 total revenue, net of interest expense, $8.2 billion versus $8.3 billion .Q2 earnings per share view $1.95, revenue view $8.40 billion -- Thomson Reuters I/B/E/S.  Full Article

American Express reports June credit card statistics
Friday, 15 Jul 2016 12:15pm EDT 

American Express Co : June 30 days past due loans for USCS Card Member Loans 1.1 percent of total versus 0.9 percent in May . June U.S. Small Business Card Member Loans net write-off rate principal only 1.2 percent versus 1.3 percent in May . June USCS Card Member Loans net write-off rate principal only 1.3 percent versus 1.6 percent in May .June 30 days past due loans for U.S. Small Business Card member loans 1.1 percent of total versus 1 percent in May.  Full Article

American Express Global Business Travel and Airbnb announce new agreement for business travelers
Tuesday, 12 Jul 2016 07:00am EDT 

American Express Co : American Express global business travel and Airbnb for business announce new agreement for business travelers . First phase of the partnership is expected to go live in U.S. in next few weeks .GBT And Airbnb will continue to develop additional phases of program.  Full Article

American Express plans to increase quarterly dividend by 10 pct
Wednesday, 29 Jun 2016 05:05pm EDT 

American Express Co : American Express plans to increase quarterly dividend by 10 percent and buy back up to $3.3 billion of common shares through q2 2017 . Plan included: increasing company's quarterly dividend to 32 cents per share beginning with Q3 2016 . Board of governors of federal reserve system did not object to its capital plan submitted on april 5, 2016 .Plan enables the co to repurchase up to $4.4 billion of common shares in 2016 and up to an additional $1.7 billion in first half of 2017.  Full Article

BRIEF-American Express sets quarterly dividend of $0.32/share

* Sets regular quarterly dividend of $0.32 per share Source text for Eikon: Further company coverage: