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American Express Co (AXP)

AXP on New York Consolidated

86.79USD
15 Aug 2017
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Latest Key Developments (Source: Significant Developments)

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

American Express reaffirms 2017 financial outlook
Thursday, 1 Jun 2017 07:45am EDT 

June 1 (Reuters) - American Express Co ::American Express reaffirms 2017 financial outlook.FY2017 earnings per share view $5.69 -- Thomson Reuters I/B/E/S.FY2017 earnings per share view $5.69, revenue view $32.74 billion -- Thomson Reuters I/B/E/S.  Full Article

AmEx launches Blue Business Plus credit card
Thursday, 25 May 2017 09:00am EDT 

May 25 (Reuters) - American Express Co ::American Express Co - launch of Blue Business Plus credit card.  Full Article

American Express card member loans stats for April
Monday, 15 May 2017 12:11pm EDT 

May 15 (Reuters) - American Express Co :USCS card member loans 30 days past due loans as a % of total 1.1 percent at April-end versus 1.2 percent at March-end - SEC filing.U.S. Small Business card member loans net write-off rate – principal only 1.5 percent at April end versus 1.8 percent at March end - SEC filing.U.S. Small Business card member loans 30 days past due loans as a % of total 1.2 percent at April 30 versus 1.2 percent at March 31.USCS card member loans net write-off rate – principal only 1.8 percent at April end versus 1.8 percent at March end.  Full Article

BRIEF-American Express reports credit card statistics for July

* American Express Co - USCS card member loans 30 days past due loans as a % of total 1.2 percent at July end versus 1.1 percent at June end