American Express Company News

company, AXP

American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide. The company operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Its products and services include payment and financing products; network services; accounts payable expense management products and services; and travel and lifestyle services. The company's products and services also comprise merchant acquisition and processing, servicing and settlement, 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. It sells its products and services to consumers, small businesses, mid-sized companies, and large corporations through mobile and online applications, third-party vendors and business partners, direct mail, telephone, in-house sales teams, and direct response advertising. American Express Company was founded in 1850 and is headquartered in New York, New York.

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American Express Company Market News

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American Express: Q3 Volume Surge, Bigger Returns

  • American Express (AXP) posted stronger-than-expected transaction volume and rising shareholder returns in recent filings. Network volumes climbed about 9% year-over-year, net card fees and service revenues grew in double digits, and the company maintained a healthy balance sheet with higher cash, deposits, and substantial buybacks and dividends—factors likely to influence AXP’s stock performance among DJ30 peers.
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