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 Bill.com. The company was founded in 1850 and is headquartered in New York, New York.

  • US banks boosted by rise in credit card spending
    on July 21, 2019 at 9:46 am

    Credit card issuers are benefiting from accelerating spending growth by their US customers, the banking industry’s second-quarter results have shown. Companies from JPMorgan Chase and Capital One to Synchrony Financial have reported growth in card spending in the three months to June that eclipsed figures for the first quarter — data that will feed into the debate about the financial health of the US consumer. “This spending is occurring [against] the backdrop of an economy that is growing at a steady if more modest pace relative to 2018,” American Express chief executive Joseph Squeri said in a call with analysts last week. […]

  • American Express, Molson Coors Are Hiking Their Dividends
    on July 20, 2019 at 12:00 pm

    It’s been a busy week for dividend increases. American Express announced the dividend boost in its second-quarter earnings release on Friday. Molson Coors’ hike is its first since 2015. […]

  • Edited Transcript of AXP earnings conference call or presentation 19-Jul-19 12:30pm GMT
    on July 20, 2019 at 5:02 am

    Q2 2019 American Express Co Earnings Ca […]

  • US Indexes Lower for the July 19 Week
    on July 19, 2019 at 10:32 pm

    S&P; 500 has a gain of 18.7% for the year Continue reading... […]

  • US STOCKS-Wall St falls as Fed signals smaller rate cut
    on July 19, 2019 at 8:44 pm

    Wall Street's main indexes fell on Friday following a report that the Federal Reserve plans to cut interest rates by only a quarter-percentage point at the end of the month. The benchmark S&P 500 erased earlier marginal gains after a Wall Street Journal report on the Fed's plans. […]

  • Dow Jones Today: Oil Slicks Trip up Stocks
    on July 19, 2019 at 8:21 pm

    Stocks traded lower Friday amid more geopolitical tensions with Iran. Oil prices jumped after Iran's Revolutionary Guard Corps captured a British oil tanker in the Strait of Hormuz, a major thoroughfare for global oil shipments.Source: Shutterstock Geopolitical tensions, however fleeting, often prompt traders to move into safer assets, such as the dollar or U.S. government bonds, pressuring riskier assets, like stocks, along the way.To close the week, the Nasdaq Composite fell 0.74% while the S&P 500 lost 0.62%. The Dow Jones Industrial Average declined by 0.25% with fewer than a third of its 30 members trading higher on Friday.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn more encouraging geopolitical news, President Donald Trump said U.S. Treasury Secretary Steve Mnuchin had a positive conversation with his Chinese counterpart. * 10 Tech Stocks That Are Still Worth Your Time (And Money) "U.S. and Chinese officials spoke by phone on Thursday as the world's two largest economies seek to end a yearlong trade war, with Mnuchin suggesting in-person talks could follow," according to Reuters. Marvelous MicrosoftWe mentioned here yesterday that Microsoft (NASDAQ:MSFT) had the potential to be a big mover today following its Thursday earnings report. While the stock rose just 0.15% today, the report was spectacular. Microsoft said it earned $1.37 a share on revenue of $33.72 billion. Analysts were expecting earnings per share of $1.21 on revenue of $32.77 billion.A slew of positive analyst chatter on Microsoft ensued due in large part to the company's encouraging commentary on Azure, its cloud computing business. If Azure can steal some market share from Amazon Web Services (AWS), Microsoft can add to its $1 trillion-plus market value. Boeing: When Bad News Is Good NewsBoeing (NYSE:BA), the largest component in the Dow, surged 4.48% after the company said it's going to take a $5 billion after-tax charge to compensate airline customers related to the grounding of the 737 MAX jet."For purposes of the second-quarter financial results, the company has assumed that regulatory approval of 737 MAX return to service in the U.S. and other jurisdictions begins early in the fourth quarter 2019," according to a Boeing statement.Doling out $5 billion for a situation that could have been avoided would appear to be bad news, but Boeing's Friday price action suggests investors like the effort by the company to start putting this situation in the rear view mirror. When Rewards Aren't RewardingAmerican Express (NYSE:AXP) slid 2.79%, good for one of its worst intraday performances this year. The problem wasn't earnings. It was rising expenses tied to cardholder rewards. Those expenses checked in at $2.65 billion for the second quarter, above the Wall Street estimate of $2.64 billion. There is, however, some good news."American Express revenue may rise 7-8% long term, our scenario analysis shows, driven by high-spending U.S. consumers and the ability to use its position as the dominant business-card issuer to boost B2B payments," according to Bloomberg Intelligence. Bottom Line: All About Earnings Next Week While chatter about Fed rate cuts and geopolitical events will remain in the picture, next week brings a tidal wave of earnings reports. Let's get into some of those numbers by pointing out that about 32% of the S&P 500 reports earnings the week starting July 22.At the sector level, that works out to be over 16% of technology companies, more than 30% of healthcare firms and over 22% of the financial services sector reporting next week. Those three sectors are the largest sectors to weight in the S&P 500.We'd be remiss if we did not point out that more than 60% of the communication services sector, half the industrial sector and more than 47% of the consumer discretionary group are delivering results for the week commencing July 22. In other words, we should be treated to plenty of action next week.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks That Are Still Worth Your Time (And Money) * 7 Marijuana Stocks With Critical Levels to Watch * 7 of the Best Smart-Beta ETFs to Target Right Now The post Dow Jones Today: Oil Slicks Trip up Stocks appeared first on InvestorPlace. […]

  • American Express Earnings, Revenue Beat Amid 'Modest' Economic Growth
    on July 19, 2019 at 8:11 pm

    American Express topped Q2 earnings and revenue views and reaffirmed its full-year outlook, saying the economy is growing at a steady but modest pace. But shares fell. […]

  • Stock Losses Deepen on Iran Tension; Dollar Climbs: Markets Wrap
    on July 19, 2019 at 8:06 pm

    (Bloomberg) -- U.S. stocks extended weekly losses amid mounting tension in the Persian Gulf and as investors speculated the Federal Reserve will limit a rate cut to a quarter-point. Treasury yields spiked and the dollar rose.The S&P 500 Index erased gains after reports that Iran’s Revolutionary Guard Corps seized a British oil tanker in the Strait of Hormuz amid soaring tensions in one of the world’s critical energy chokepoints. President Donald Trump said he’ll be “working with the U.K.”“Clearly the market values certainty and any conflict in the Middle East -- especially one which could restrict the flow of oil and goods throughout the world -- would be a negative for the global economy and stocks,” said Chris Zaccarelli, chief investment officer for Independent Advisor Alliance. “That’s why the market sold off on the news.”Traders on Friday rushed away from bets that the Fed will slash rates by a half-point this month, a day after clamoring for them. James Bullard, one of the most dovish members of the U.S. central bank, favors a cut by a quarter point in July. The Fed “must stop with the crazy quantitative tightening,” Trump said on Twitter. Trade tensions also remained in focus, with Trump saying the U.S. has had conversations with Chinese representatives.In company news, American Express Co. slid as spending on cardholder rewards soared, while Boeing Co. rallied after a $4.9 billion charge on the grounding of the 737 Max jets met some expectations.These are the main moves in markets:StocksThe S&P 500 fell 0.6% to 2,976.61 as of 4 p.m. New York time.The Dow Jones Industrial Average lost 0.3% and the Nasdaq-100 Index slid 0.9%.The Stoxx Europe 600 Index rose 0.1%.The MSCI Asia Pacific Index surged 1.2%.CurrenciesThe Bloomberg Dollar Spot Index rose 0.4%.The euro decreased 0.5% to $1.1219.The Japanese yen slid 0.4% to 107.72 per dollar.BondsThe yield on 10-year Treasuries rose two basis points to 2.05%.Germany’s 10-year yield fell one basis point to -0.32%.Britain’s 10-year yield dipped three basis points to 0.734%.CommoditiesThe Bloomberg Commodity Index rose 0.6%.West Texas Intermediate crude climbed to $55.63 a barrel.\--With assistance from Adam Haigh, Laura Curtis, Samuel Potter, Namitha Jagadeesh, Todd White and Nancy Moran.To contact the reporters on this story: Rita Nazareth in New York at rnazareth@bloomberg.net;Vildana Hajric in New York at vhajric1@bloomberg.netTo contact the editors responsible for this story: Jeremy Herron at jherron8@bloomberg.net, Rita NazarethFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P. […]

  • US STOCKS-Wall St moves lower on dampened hopes for hefty Fed cut
    on July 19, 2019 at 7:34 pm

    Wall Street's main indexes edged lower on Friday after a report that the Federal Reserve plans to cut interest rates by only a quarter-percentage point at the end of July. The benchmark S&P 500 erased earlier marginal gains after the Wall Street Journal report https://www.wsj.com/articles/fed-officials-signal-quarter-point-rate-cut-likely-at-july-meeting-11563559491. […]

  • Warren Buffett's American Express Falls on Increased 2nd-Quarter Costs
    on July 19, 2019 at 7:22 pm

    Increased consumer spending costs offset strong growth in billings Continue reading... […]

2 days ago

American Express

Want to get away this summer? Check out these three last-minute vacations made possible with Membership Rewards® points. Terms apply. amex.co/2SobgXX ... ExpandSee Less

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2 days ago

American Express

Stagecoach Festival 2020 is coming, and it’s time for Card Members to get passes – NOW! Terms Apply. amex.co/2LmOBdF ... ExpandSee Less

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2 days ago

American Express

Seattle's Capitol Hill neighborhood is known as a creative, unique, and adventurous community, making it prime for small businesses to thrive. With the ability to tap, swipe, insert, or check out with your American Express® Card at more places than ever, we explored some of our favorite businesses in Capitol Hill on MemberSince.com. Follow along here amex.co/2Lv91RW to learn more about Capitol Hill. ... ExpandSee Less

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3 days ago

American Express

Summer travel season is here! With the newly renamed Hilton Honors American Express Surpass® Card, we are celebrating with limited-time welcome offers for new Card Members. Learn more here: amex.co/2XZRzqi ... ExpandSee Less

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5 days ago

American Express

Card Members! Ariana Grande added new shows to her #SweetenerWorldTour. Get early access to her tickets now thru 7/18. Terms Apply.

12/18 @ Chase Center, San Francisco, CA: amex.co/2XJ2GJ2

12/22 @ The Forum, Los Angeles, CA: amex.co/2YT8XP4
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7 days ago

American Express

The Wimbledon area of southwest London is best known as the home of tennis, but there is also a charming village filled with great places to shop, dine and explore year-round. We asked our partner Andy Murray to share some not-to-miss cafés and restaurants around #Wimbledon like Thai Tho Wimbledon and DropShot Coffee. #AmexWelcomed ... ExpandSee Less

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2 weeks ago

American Express

Time’s running out! Eligible Card Members, Refer a Friend for the Limited-Edition Rose Gold Card. Tag a friend who won’t want to miss this. Terms Apply. #AmexGold amex.co/RoseGoldCard ... ExpandSee Less

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2 weeks ago

American Express

Congratulations to Chef @MauroColagreco and his restaurant @Mirazur.fr on winning #1 at World’s 50 Best Restaurants 2019. We’re delighted to offer Platinum Card® and Centurion® Members the chance to join Global Dining Collection chef, @MauroColagreco, at his acclaimed restaurant on the French Riviera on August 2, 2019. Terms Apply. amex.co/2LO8idO ... ExpandSee Less

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2 weeks ago

American Express

Thanks to Venus Williams for stopping by our Fan Experience at Wimbledon and setting a new high score on our VR Champion’s Rally! ... ExpandSee Less

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Want to get away this summer? Check out these three last-minute vacations made possible with Membership Rewards® points. Terms apply. https://t.co/ZxuNy1tHzm

.@Stagecoach 2020 is coming, and it’s time for Card Members to get passes – NOW! Terms Apply. https://t.co/qvp6B8wiuP

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American Express Company

200 Vesey Street
lower Manhattan
New York, NY 10285

+1 (212) 640-2000

www.americanexpress.com

July 2019
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