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American Express Co (AXP)

AXP on New York Consolidated

93.99USD
20 Nov 2017
Change (% chg)

$0.30 (+0.32%)
Prev Close
$93.69
Open
$93.92
Day's High
$94.34
Day's Low
$93.68
Volume
929,451
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3,240,361
52-wk High
$96.90
52-wk Low
$70.87

Latest Key Developments (Source: Significant Developments)

American Express launches AMEX Advance Personalization Services across industries​
Tuesday, 7 Nov 2017 09:00am EST 

Nov 7 (Reuters) - American Express Co -:‍American Express launches AMEX Advance Personalization Services to companies across advertising, travel and service industries​.  Full Article

American Express enters agreement for issuance of notes
Friday, 27 Oct 2017 03:26pm EDT 

Oct 27 (Reuters) - American Express Co ::Says on Oct 23, entered terms agreement for issuance and sale of $1.5 billion aggregate principal amount of 2.200% notes due Oct 30, 2020‍​.Says also entered terms agreement for issuance and sale of $500 million aggregate amount of floating rate notes due October 30, 2020.Says ‍also entered terms agreement for issuance and sale of $1.65 billion aggregate principal amount of 3.000% notes due October 30, 2024​.Says ‍securities will be issued pursuant to senior debt indenture, dated as of Aug 1, 2007, between co and Bank Of New York Mellon​.  Full Article

American Express says possible that unrecognized tax benefits could decrease within next 12 months by as much as $307 mln
Tuesday, 24 Oct 2017 02:08pm EDT 

Oct 24 (Reuters) - American Express Co :American Express - Believes it's reasonably possible that unrecognized tax benefits could decrease within next 12 months by as much as $307 million.American Express - Unrecognized tax benefits could decrease as result of potential resolutions of prior years’ tax items with taxing authorities.  Full Article

American Express incoming CEO Squeri to get annual base salary of $1.5 mln - SEC filing
Tuesday, 24 Oct 2017 01:48pm EDT 

Oct 24 (Reuters) - American Express Co :American Express Co <<>> - Incoming CEO Stephen Squeri will receive an annual base salary of $1.5 million - SEC filing.American Express - Incoming CEO Stephen Squeri will be eligible to earn an annual cash incentive award of $4.5 million.American Express - Squeri will also be eligible to annual long-term incentive award of restricted stock units and stock options with a value of $10.2 million.American Express - In addition, Squeri will be awarded performance-vesting options on oct 31, 2017 with a grant date fair value of $4.5 million.  Full Article

American Express says qtrly ‍​earnings per share $1.50
Wednesday, 18 Oct 2017 04:21pm EDT 

Oct 18 (Reuters) - American Express Co -:American Express Co - qtrly ‍​earnings per share $1.50.American Express Co - qtrly revenue $8.4 billion.American Express Co - Q3 earnings per share view $1.48, revenue view $8.29 billion -- Thomson Reuters I/B/E/S.  Full Article

American Express says FY2017 EPS guidance raised to $5.80-$5.90​
Wednesday, 18 Oct 2017 04:20pm EDT 

Oct 18 (Reuters) - American Express Co :American Express Co - qtrly ‍consolidated provisions for losses were $769 million, up 53 percent from $504 million a year ago​.American Express Co - ‍full year 2017 EPS guidance raised to $5.80-$5.90​.American Express Co - qtrly ‍consolidated expenses were $5.8 billion, up 6 percent from $5.5 billion last year​.FY2017 earnings per share view $5.74 -- Thomson Reuters I/B/E/S.  Full Article

American Express names Stephen J. Squeri as new CEO
Wednesday, 18 Oct 2017 04:17pm EDT 

Oct 18 (Reuters) - American Express Co :American Express announces Stephen J. Squeri to succeed Kenneth I. Chenault as chairman and Chief Executive Officer.American Express Co - ‍Squeri will succeed Kenneth Chenault, who will retire.  Full Article

American Express reports third quarter EPS of $1.50
Wednesday, 18 Oct 2017 04:05pm EDT 

Oct 18 (Reuters) - American Express Co :American Express reports third quarter EPS of $1.50, up 25%.Q3 earnings per share $1.50.Q3 earnings per share view $1.48 -- Thomson Reuters I/B/E/S.Sees FY 2017 earnings per share $5.80 to $5.90.American Express Co - U.S. Consumer services reported third-quarter net income of $475 million, up 18 percent from $401 million a year ago‍​.American Express - international consumer and network services reported Q3 net income of $286 million, up 85 percent from $155 million a year ago.American Express - global commercial services reported third-quarter net income of $529 million, up 14 percent from $466 million a year ago.American Express - global merchant services reported third-quarter net income of $368 million, up 3 percent from $359 million a year ago.  Full Article

American Express says on track to take $1 bln out of its expense base - conf call
Wednesday, 18 Oct 2017 03:59pm EDT 

Oct 18 (Reuters) - American Express Co ::American Express says "on track to take $1 billion out of our expense base" - conf call.In quarter, incurred discrete charges related to u.s. Loyalty coalition business, U.S. prepaid business, hurricanes in Texas, Florida, Puerto Rico" - conf call.In quarter, aggregate impact of the discrete charges equates to approximately $0.12 of earnings per share - conf call."With evolving regulations in Europe and Australia, we expect network volumes in those geographies to decline over time" - conf call.  Full Article

American Express reports preliminary card member loans stats for September
Monday, 16 Oct 2017 12:16pm EDT 

Oct 16 (Reuters) - American Express Co ::Preliminary U.S. small business card member loans 30 days past due loans as a % of total 1.1 percent at September end vs 1.1 percent at August end ‍​.Preliminary USCS card member loans net write-off rate – principal only 1.6 percent at September end vs 1.8 percent at August end.Preliminary USCS card member loans 30 days past due loans as a % of total 1.3 percent at September end vs 1.2 percent at August end.Preliminary U.S. small business card member loans net write-off rate - principal only 1.4 percent at September end vs 1.6 percent at August end.  Full Article

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American Express unveils blockchain-enabled payments

American Express on Thursday said it was working with Ripple, a blockchain solutions provider, to enable cross-border payments in partnership with Santander UK.