$AXP (American Express Company)

$AXP {{ '2015-07-22T20:59:01+0000' | timeago}} • Announcement

$AXP 2Q15 PR: Today reported second-quarter total revenues net of interest expense were $8,284MM compared to $8,657MM in 2Q14. Reported second-quarter net income of $1,473MM compared to $1,529MM in 2Q14. Results for the quarter were negatively affected by the significant impact of a stronger U.S. dollar on international operations.

$AXP {{ '2017-10-19T15:31:29+0000' | timeago}} • Webcast

$AXP said outside the US, its consumer businesses are still in an early stage of growth. The company is growing faster than the market in every major country it does business in with the exception of Canada. $AXP is bullish about this business.

$AXP {{ '2017-10-19T15:04:50+0000' | timeago}} • Webcast

During 3Q17, $AXP’s loan growth accelerated to 14% on a reported basis and to 13% on an FX adjusted basis. Discount revenue was up 6% driven by strong growth in billed business. Net card fees growth was 5%. $AXP is making progress on cost reduction initiatives and remains on track to remove $1Bil from its cost base on a run rate basis by 2017-end.

$AXP {{ '2017-10-19T15:04:32+0000' | timeago}} • Webcast

$AXP's worldwide FX adjusted billings grew 8% in 3Q17 versus 3Q16 consistent with the adjusted growth rate over the last few quarters. US SME billings grew at 10% in 3Q17 while international SME, which has been one of $AXP’s highest growth areas, was more robust with FX adjusted growth of 15%.

$AXP {{ '2017-10-18T22:20:05+0000' | timeago}} • Announcement

$AXP has appointed Stephen J. Squeri as CEO and elected him Chairman of the Board, each effective February 1, 2018. Mr. Squeri will succeed Kenneth I. Chenault, who will retire after a 37-year career with the company.

$AXP {{ '2017-10-18T22:11:08+0000' | timeago}} • Announcement

$AXP revised its full year 2017 EPS guidance to $5.80-5.90. This is up from the earlier outlook of $5.60-5.80.

$AXP {{ '2017-10-18T22:06:48+0000' | timeago}} • Announcement

$AXP reported a 19% increase in 3Q17 earnings. Net income was $1.4Bil or $1.50 per share compared to $1.1Bil or $1.20 per share in 3Q16. Diluted EPS growth in 3Q17 was 25%. Consolidated total revenues net of interest expense were $8.4Bil, up 9% from last year. Excluding the impact of FX, adjusted revenues net of interest expense grew 8%.

$AXP {{ '2017-10-18T21:03:39+0000' | timeago}} • Infographic

$AXP American Express Company Earnings AlphaGraphic: Q3 2017 Highlights

$AXP {{ '2017-09-26T20:42:18+0000' | timeago}} • Announcement

$AXP approved a $0.03 or 9% increase in the quarterly dividend on the company’s common stock. The dividend was raised to $0.35 per common share, from $0.32, payable on November 10, 2017 to shareholders of record on October 6, 2017.

$AXP {{ '2017-09-26T19:33:54+0000' | timeago}} • Announcement

The BoD of $AXP has approved a $0.03 increase in the quarterly dividend on the company’s common stock. A dividend of $0.35 per common share is payable on Nov 10, 2017 to shareholders of record as on Oct 6, 2017.

$AXP {{ '2017-09-06T16:35:56+0000' | timeago}} • Announcement

$AXP and $DAL are launching the new Blue Delta SkyMiles Credit Card, a credit card with no annual fee that offers two miles per dollar spent at US restaurants and on eligible Delta purchases, and one mile per dollar spent on all other eligible purchases.

$AXP {{ '2017-08-29T13:49:55+0000' | timeago}} • Announcement

$AXP is offering RegalPay Payables Automation with American Express, a universal software adapter that connects accounts payable systems directly to $AXP. RegalPay enables businesses to pay their suppliers through American Express Virtual Card capabilities, providing enhanced security for both the supplier and buyer and reducing errors and fraud.

$CHTR {{ '2017-08-01T18:46:54+0000' | timeago}} • Announcement

Vikram Nangia has joined $CHTR as SVP, Credit & Collections. Nangia will report to Kathleen Mayo, EVP, Customer Operations and will be based out of Stamford, Connecticut. He comes from $AXP, where he served as EVP, World Service.

$AXP {{ '2017-08-01T14:54:42+0000' | timeago}} • Announcement

$AXP and MineralTree, an accounts payable (AP) and payment automation solution provider, announced a partnership that provides organizations with an easy-to-use platform that incorporates their American Express Corporate Card into their normal AP workflows. The MineralTree platform also offers advanced payment security features.

$V {{ '2017-07-21T19:02:00+0000' | timeago}} • Announcement

$V, which competes with $MA and $AXP, lifted its financial outlook for FY17. Net revenue is expected to grow 20% on a nominal dollar basis compared to the previous growth guidance of 16-18%. GAAP EPS growth is expected to be in low double-digits on a nominal dollar basis and non-GAAP EPS is expected to grow about 20%.

$AXP {{ '2017-07-20T17:11:52+0000' | timeago}} • Announcement

$AXP said American Express OPEN has extended its Lowe’s Business Rewards Card program to enable small business Card Members earn rewards and get 5% off at Lowe’s every day when they use the Card on eligible purchases. The Lowe's Business Rewards Card has no annual fee and can help small businesses optimize their business spending.

$AXP {{ '2017-07-20T00:17:00+0000' | timeago}} • Webcast

$AXP stated that it considers surcharging as consumer-unfriendly. The company believes the new ban on surcharging in the UK is a good policy. It is uncertain whether this has any material impact on $AXP’s ability to grow business in the UK but the company believes this is a positive step longer-term. UK is one of $AXP’s strongest markets.

$AXP {{ '2017-07-20T00:02:46+0000' | timeago}} • Webcast

$AXP made some changes on the business end-consumer Platinum products in 2H16 and on the consumer product, it offered a range of benefit enhancements that went in at the end of 1Q17. All the costs associated with the significantly higher card member engagement that these changes are driving are reflected in the 2Q17 results.

$AXP {{ '2017-07-19T23:42:07+0000' | timeago}} • Webcast

In 2Q17, $AXP’s discount revenue was flat YoY and grew 7% on an adjusted basis. The discount rate was 2.44%. Net card fees grew by 8% driven by continued strength in the US Platinum and Delta portfolio as well as growth in Mexico and Japan.

$AXP {{ '2017-07-19T23:30:57+0000' | timeago}} • Webcast

During 2Q17, $AXP’s total loans were up 11% versus 2Q16. The company continues to steadily grow loans faster than the industry as it captures the particular opportunity it has to grow loans with existing customers while also adding new customers. Looking forward, $AXP is confident on growth based on its existing customer opportunities.

$AXP {{ '2017-07-19T23:22:58+0000' | timeago}} • Webcast

$AXP's worldwide FX-adjusted billings grew 1% in 2Q17 versus 2Q16. Worldwide billings growth adjusted for the impact of Costco and changes in FX rates was 8%. The billings growth reflects the broadbased growth across diverse segments and geographies with adjusted US billings at 6% and international billings growth in low double digits.

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