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American Express Co (AXP.N)

AXP.N on New York Stock Exchange

104.34USD
17 Oct 2018
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Latest Key Developments (Source: Significant Developments)

American Express Board Authorizes 11 Pct Dividend Increase
Tuesday, 25 Sep 2018 09:21am EDT 

Sept 25 (Reuters) - American Express Co ::AMERICAN EXPRESS BOARD AUTHORIZES 11 PERCENT DIVIDEND INCREASE.SETS QUARTERLY DIVIDEND OF $0.39PER SHARE.DIVIDEND RAISED TO $0.39 PER COMMON SHARE, FROM $0.35, PAYABLE ON NOVEMBER 9, 2018.  Full Article

FBI Has Launched A Probe Into Pricing Practices Within American Express's Foreign-Exchange Unit - WSJ
Wednesday, 5 Sep 2018 01:00pm EDT 

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 01:30pm EDT 

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 08:00am EDT 

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 04:43pm EDT 

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 04:51pm EDT 

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 07:23am EDT 

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 04:37pm EDT 

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 07:00am EDT 

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 04:48pm EDT 

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

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Berkshire boosts Goldman, Teva stakes; buys more Apple

Warren Buffett's Berkshire Hathaway Inc boosted its investments in Goldman Sachs Group Inc and Israel's Teva Pharmaceutical Industries Ltd during the second quarter and confirmed it has expanded its already huge bet on iPhone maker Apple Inc .