$AXP (American Express Company)

$AXP {{ '2016-01-21T22:37:07+0000' | timeago}} • Webcast

$AXP's billed business growth was 5% on an FX-adjusted basis during 4Q15, consistent with 3Q15 and below the full year figure of 6%. Overall, billings growth rate decelerated modestly during 2015, while the company has anticipated a sequential strengthening.

$AXP {{ '2018-01-19T13:56:36+0000' | timeago}} • Announcement

$AXP's CEO Kenneth Chenault, who will retire this February, stated that the upfront charge triggered by the Tax Act reduced capital ratios and, as a result, while $AXP will be continuing its quarterly dividends at the current level, the company plans to suspend its share buyback program for 1H18 in order to rebuild its capital.

$AXP {{ '2018-01-19T13:49:19+0000' | timeago}} • Announcement

$AXP reported consolidated total revenues, net of interest expense, of $8.8Bil for 4Q17, up 10% from $8Bil in 4Q16. The increase primarily reflected higher Card Member spending, loans and fees, which more than offset the impact of a lower discount rate.

$AXP {{ '2018-01-19T13:40:43+0000' | timeago}} • Announcement

Financial services company $AXP reported its first quarterly net loss in more than two decades for  4Q17, hurt by a one-time charge of $2.6Bil related to the Tax Act. Net loss was $1.19Bil or $1.41 per share compared to a net income of $825MM or $0.88 per share in 4Q16. Excluding the impacts of the Tax Act, EPS for the quarter was $1.58.

$AXP {{ '2018-01-18T22:13:09+0000' | timeago}} • Infographic

$AXP American Express Company Earnings AlphaGraphic: Q4 2017 Highlights

$AXP {{ '2017-12-11T16:28:37+0000' | timeago}} • Announcement

$AXP has decided to eliminate the need for merchants to collect cardholders' signature at point of sale, beginning April 2018. The decision is applicable to all American Express-accepting merchants across the world. It is expected to simplify the checkout experience and expedite the payment process, while reducing the merchants’ operating expenses.

$AXP {{ '2017-11-28T20:07:40+0000' | timeago}} • Announcement

$AXP declared a regular quarterly dividend of $0.35 per common share, payable on February 9, 2018 to shareholders of record on January 5, 2018.

$AXP {{ '2017-11-01T19:26:34+0000' | timeago}} • Announcement

$AXP entered into an agreement to purchase Citi’s Hilton co-branded credit card portfolio, thus becoming the exclusive issuer for Hilton Honors co-branded credit cards in the US. The changes will be finalized in January 2018 when the new Cards and updates are available to consumers.

$AXP {{ '2017-11-01T19:26:19+0000' | timeago}} • Announcement

$AXP and $HLT announced the upgraded American Express Hilton Honors co-branded credit card portfolio. The four Card portfolio features the Hilton Honors American Express Card, the Hilton Honors American Express Ascend Card, the Hilton Honors American Express Aspire Card and the Hilton Honors American Express Business Card.

$AXP {{ '2017-10-31T17:44:14+0000' | timeago}} • Announcement

$AXP announced SafeKey 2.0, the next generation of its online authentication tool, which provides an extra layer of security for online purchases. The updated platform supports authentication methods using biometrics, including fingerprints and facial recognition. The service will be available for deployment in spring 2018.

$AXP {{ '2017-10-23T16:31:37+0000' | timeago}} • Announcement

$AXP declared a semi-annual dividend on its 5.200% Fixed Rate/Floating Rate Noncumulative Preferred Shares, Series B, of $26,000 per share, which is equivalent to $26.00 per related Depositary Share. The dividend is payable on November 15, 2017 to shareholders of record on November 1, 2017.

$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.

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