United States

American Express Co (AXP)

AXP on New York Consolidated

27 Sep 2016
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$0.86 (+1.36%)
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Tue, Sep 27 2016

BRIEF-American Express' board amended co's by-laws effective immediately

* On Sept 26 board amended company's by-laws, effective immediately, to implement a proxy access by-law, among other amendments

American Express can enforce credit card anti-steering rules

NEW YORK, Sept 26 A federal appeals court on Monday cleared the way for American Express Co to enforce rules prohibiting merchants that accept its cards from steering customers toward lower-cost cards offered by competitors.

BRIEF-American Express Canada launches UsePoints for Purchases

* Announces usepoints for purchases allowing members to use membership rewards points towards eligible purchases charged to card Source text for Eikon: Further company coverage:

BRIEF-American Express U.S. Consumer Services net income up 74 pct

* Qtrly return on average equity (ROE) was 26.4 percent, down from 28.1 percent a year ago.

BRIEF-American Express Q2 earnings per share $2.10

* Q2 total revenue, net of interest expense, $8.2 billion versus $8.3 billion

American Express quarterly profit jumps 37 pct

July 20 Credit card issuer American Express Co reported a 37 percent rise in quarterly profit, driven by higher spending by its customers and lower expenses due to a sale of its loan portfolio.

BRIEF-American Express reports June credit card statistics

* June 30 days past due loans for USCS Card Member Loans 1.1 percent of total versus 0.9 percent in May

BRIEF-American Express Global Business Travel and Airbnb announce new agreement for business travelers

* American Express global business travel and Airbnb for business announce new agreement for business travelers

BRIEF-American Express plans to increase quarterly dividend by 10 pct

* American Express plans to increase quarterly dividend by 10 percent and buy back up to $3.3 billion of common shares through q2 2017

BRIEF-American Express makes changes to EMV chargeback policy to limit fraud costs for merchants

* Announced changes to EMV chargeback policy to help merchants limit their fraud costs as they upgrade their point-of-sale systems

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