American Express Company , together with its subsidiaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide. It operates through four segments: U.S. Consumer Services, International Consumer and Network Services, Global Commercial Services, and Global Merchant Services. The company’s products and services include charge and credit card products, as well as other payment and financing products; network services; expense management products and services; travel-related services; and stored value/prepaid products. Its products and services also comprise merchant acquisition and processing, servicing and settlement, merchant financing, point-of-sale marketing, and information products and services for merchants; and fraud prevention services, as well as the design and operation of customer loyalty programs. The company sells its products and services to consumers, small businesses, mid-sized companies, and large corporations through online applications, direct mail, in-house teams, third-party vendors, and direct response advertising. American Express Company has a strategic partnership with PayPal Holdings, Inc. to improve the digital payments experience for the United States American Express Card members paying with PayPal and Venmo; and a strategic partnership with The company was founded in 1850 and is headquartered in New York, New York.

  • Apple co-founder Steve Wozniak also alleges that the Apple Card discriminated against his wife
    on November 11, 2019 at 5:18 pm

    Wozniak says his Apple Card limit is 10 times higher than his wife’s, despite their finances being identical.

  • It’s Finally Time to Take a Pause on Visa Stock
    on November 8, 2019 at 11:00 am

    Visa (NYSE:V) stock has exhibited a behavior not seen in a long time, it has stayed in place. The payments processor has consistently moved higher for the last few years as consumers across the world increasingly moved to card-based transactions. However, the lack of movement leaves V stock investors wondering what to do.Source: Shutterstock Market trends have left it seemingly immune from secular downturns. Still, it has also stopped responding positively. Considering the stock's history, as long as V stock remains in its current position, traders should probably do the same. Payment Trends, Dominance at Home Drive VisaVisa stock has performed well over the last few years. The company benefits as society increasingly turns from cash in favor of electronic payments. Within the U.S., most of those are made on Visa cards as the firm gains market share over processors such as Mastercard (NYSE:MA), American Express (NYSE:AXP) and Discover Financial (NYSE:DFS).InvestorPlace - Stock Market News, Stock Advice & Trading TipsVisa processed 53.1% of U.S. card transactions in 2018. Despite the competition, this percentage has continued to grow. Moreover, it operates on all six continents and lags only China UnionPay in worldwide transactions. * 7 Buy-Rated Stocks With Dividend Yields Over 9% At a forward price-to-earnings (P/E) ratio of 24.4, few consider this a cheap stock. However, with the record of profit growth it continues to accumulate, I find it hard to argue with the valuation. Over the previous five years, earnings grew by an average of 21.47% per year. Profit growth will slow somewhat in the future but remain robust. Wall Street forecasts earnings increases of 14.3% this year and 16.4% in the next.Clearly, Visa remains a strong stock. While I do not think cash will completely disappear, more people will conduct more transactions via card. Moreover, with numerous countries in the world mostly using physical cash, Visa has the potential to maintain double-digit growth for years to come. V Stock Has Become Range-BoundThe near-term problem for V stock is its lack of traction. On July 19, I urged investors not to buy Visa stock as valuations fully reflected growth potential. Other investors seem to see what I saw. Since that day, the V stock price is just under $180 per share, representing almost no change from mid-July levels.Hence, the question for investors is what will move V stock? Will it fall over a market downturn, or will a comparatively cheap valuation finally motivate buyers?Despite the ten-plus-year length of the economic expansion, it shows no signs of recession. This is significant because it takes turmoil in the market to take V stock into correction territory. It fell briefly into a bear market in the fall 2018 stock selloff. However, before that, it had not seen a significant selloff since 2010. This makes me wonder if this plateau is the closest thing we will see to a correction.For now, valuation looks like a more likely catalyst. When I warned investors to not buy in July, the forward P/E ratio stood above 29. With that forward multiple now at 24.4, the plateau has improved the buy case for V stock. Still, its 52-week high stands at $187.05 per share. That is only around 4% lower than the current price.If it can move to the $190 per share level and stay there, V stock will likely keep moving higher. However, if we experience a downturn in the market, investors may have a chance to buy in at a lower price. For now, all investors can do is wait. The Bottom Line on Visa StockSince V stock shows little movement, investors should probably do the same. Due in large part to e-commerce, traders across the world have turned more often to using credit cards. This plays in Visa's favor as a slight majority of U.S. card transactions take place on Visa's payment network. This will also continue to make V stock a long-term winner. * 10 Monster Growth Stocks to Buy for 2019 and Beyond However, with a slightly elevated P/E ratio, Visa stock currently prices in its present and future growth. With V stock staying in place, traders have no clue as to the direction of Visa in the short term. The lack of movement effectively lowers the P/E ratio due to profit growth.Moreover, V stock has no recent history of falling significantly without a market downturn.Until Visa can break out of its current trading range, traders have little reason to buy.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Sell Before They Roll Over * 5 Beaten-Up Stocks to Buy That Could Be Saved By An Acquisition * 4 Startup Stocks Getting Smashed The post It's Finally Time to Take a Pause on Visa Stock appeared first on InvestorPlace.

  • Dow climbs nearly 200 points on gains in shares of Dow Inc., Goldman Sachs
    on November 7, 2019 at 7:48 pm

    DOW UPDATE The Dow Jones Industrial Average is trading up Thursday afternoon with shares of Dow Inc. and Goldman Sachs seeing positive gains for the index. The Dow (DJIA) was most recently trading 192 points (0.

  • Goldman Sachs, UnitedHealth share gains contribute to Dow's 264-point jump
    on November 7, 2019 at 3:50 pm

    DOW UPDATE The Dow Jones Industrial Average is trading up Thursday morning with shares of Goldman Sachs and UnitedHealth seeing positive growth for the index. The Dow (DJIA) was most recently trading 264 points higher (1.

  • UPDATE 1-China mobile payment giants Alipay, WeChat open to international cards
    on November 7, 2019 at 6:03 am

    China mobile payment giants Alipay and WeChat Pay have started allowing overseas users to link their accounts to international bank cards, in a move cheered by foreign payment firms like Visa and Mastercard. Tencent, the parent company of WeChat Pay, said on Wednesday it was opening up in a statement on one of its official websites, while Alibaba-backed Alipay announced the change on its official media service platform.

  • American Express Expands Virtual Card Footprint With Coupa Pay Integration
    on November 6, 2019 at 9:05 am

    American Express’ virtual Card technology will soon be available in Coupa to provide customers with a simplified business payment experience

  • Alipay, WeChat Pay Open Apps to Foreigners Visiting China
    on November 6, 2019 at 7:56 am

    (Bloomberg) -- Chinese payments giants Alipay and WeChat Pay, long a source of worry among competitors abroad, plan to open up their platforms to foreigners visiting the mainland as regulators ease restrictions.The apps, which dominate payments across the world’s second-largest economy and have even supplanted cash at some businesses, announced the plans in rapid succession after previously requiring users to have local accounts. Opening up to visitors may give an incremental boost to spending on the platforms -- but for overseas firms, it has big implications, potentially helping pave the way for future adoption abroad.“Although there will be some revenue coming from the foreigners using the card, the more interesting aspect is how seamless the cross-border Alipay and WeChat Pay experience is becoming,” said Zennon Kapron, founder and director of research consultant Kapronasia.Behind the scenes, China’s central bank recently told a number of payments firms they will soon be allowed to plug foreign cards into their apps for use in China, according to two people with knowledge of the situation. Previously, regulatory concerns about money laundering and cross-border cash flows had prevented that from happening. The central bank offered no immediate comment to an inquiry sent by fax.The move will provide relief to some of the more-than 30 million people who visit China annually and sometimes struggle to find alternate payment methods. Alipay and Tencent account for 94% of the country’s mobile-payment market.Already, Alipay and WeChat Pay’s logos are visible in stores and taxis in major cities around the world as the firms focus on helping Chinese travelers there. The expectation across the industry is that the apps will someday use that infrastructure to attract locals in those destinations.To be sure, the ability to work with credit cards is still pending. In its announcement, Ant Financial’s Alipay laid out a system that will work around current restrictions and can start immediately.Alipay said it’s letting travelers use a prepaid card service provided by the Bank of Shanghai. That means customers will have to periodically top off that account, which will be limited in amount.In contrast, Tencent Holdings Ltd.’s WeChat Pay intends to let people more directly connect their existing cards to its app. Visa described that plan in a statement of support early Wednesday in China, saying it will essentially enable its cards to work across China.“This is a great step forward, both for consumers traveling to China and the overall payments industry,” Visa said. “This partnership means that we’ll be working towards an environment where Visa cardholders will be able to use their Visa card in China at the millions of places where WeChat Pay is accepted, instead of having to rely on cash.”The companies didn’t provide a time frame.Tencent, acknowledging that it’s working under guidelines from regulators, said it has been discussing cooperation with U.S. card-network operators Visa, Mastercard, American Express and Discover as well as Japan’s JCB to support the linking of overseas credit cards to Wechat Pay.(Updates with researcher’s comment, regulatory guidance, statistics on market from third paragraph.)To contact Bloomberg News staff for this story: Lucille Liu in Beijing at;Heng Xie in Beijing at;Lulu Yilun Chen in Hong Kong at ychen447@bloomberg.netTo contact the editors responsible for this story: Jun Luo at, David ScheerFor more articles like this, please visit us at©2019 Bloomberg L.P.

  • 61% of consumers are willing to add on more credit card debt this holiday season: poll
    on November 4, 2019 at 2:45 pm

    The latest poll found that 61% of credit card holders will add to their existing debt this holiday season.’s Industry Analyst Ted Rossman joins Yahoo Finance’s Brian Sozzi and Alexis Christoforous to break down the survey, on The First Trade.

  • What Are Warren Buffett's Top 10 Stock Holdings?
    on November 1, 2019 at 8:35 pm

    Warren Buffett is one of the most legendary investors on Wall Street. What are the top stocks that he owns?

  • Top Research Reports for Visa, AT&T & Coca-Cola
    on November 1, 2019 at 6:57 pm

    Top Research Reports for Visa, AT&T; & Coca-Cola

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American Express Company

200 Vesey Street
lower Manhattan
New York, NY 10285

+1 (212) 640-2000

November 2019
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