Last $86.40 USD
Change Today +0.79 / 0.92%
Volume 3.6M
AXP On Other Exchanges
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As of 8:04 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

american express co (AXP) Snapshot

Open
$85.69
Previous Close
$85.61
Day High
$86.43
Day Low
$85.59
52 Week High
07/1/14 - $96.24
52 Week Low
10/15/14 - $78.41
Market Cap
90.4B
Average Volume 10 Days
6.3M
EPS TTM
$5.16
Shares Outstanding
1.0B
EX-Date
10/1/14
P/E TM
16.7x
Dividend
$1.04
Dividend Yield
1.13%
Current Stock Chart for AMERICAN EXPRESS CO (AXP)

american express co (AXP) Details

American Express Company, together with its subsidiaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide. The company operates through four segments: U.S. Card Services, International Card Services, Global Commercial Services, and Global Network & Merchant Services. Its product portfolio consists of charge and credit card products; expense management products and services; consumer and business travel services; stored value/prepaid products; network services; merchant acquisition and processing, and servicing and settlement, as well as point-of-sale, marketing, and information products and services for merchants; and fee services, including fraud prevention services, and the design of customer loyalty and rewards programs. The company sells its products and services to consumers, small businesses, mid-sized companies, and large corporations through direct mail, online applications, in-house and third-party sales forces, and direct response advertising. American Express Company has a strategic partnership with MatchMove Global Pte. Ltd. to provide MatchMove American Express Virtual Pay, a prepaid virtual product. The company was founded in 1850 and is headquartered in New York, New York.

63,000 Employees
Last Reported Date: 02/25/14
Founded in 1850

american express co (AXP) Top Compensated Officers

Chairman, Chief Executive Officer, Chairman o...
Total Annual Compensation: $8.0M
President and Head of the Global Consumer & S...
Total Annual Compensation: $6.0M
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $2.1M
Group President of Global Corporate Services
Total Annual Compensation: $5.4M
Compensation as of Fiscal Year 2013.

american express co (AXP) Key Developments

American Express Company Approves Amendment to By-Laws

On October 20, 2014, the Board of Directors of American Express Company approved an amendment to Section 3.7 of the company's By-Laws, effective immediately. The amended Section 3.7 permits the Board to designate one or more committees, each consisting of at least one director; provided, however, that the Audit and Compliance Committee, the Compensation and Benefits Committee and the Nominating and Governance Committee shall each consist of at least three directors. The previous provision required that all Board committees consist of at least three directors.

Equity Bank in Partnership with American Express Launches New American Express Cards in Kenya

Equity Bank in partnership with American Express has launched new American Express cards in Kenya. Touted to be the first American Express cards in the country, the Equity Bank American Express Green Card and the Equity Bank American Express Gold cards will reportedly offer rich rewards and benefits. The Green Card offers a range of retail and lifestyle benefits and is ideal for those who will mainly use their card to spend at local merchants in Kenya. The Gold Card offers an additional tier of travel and lifestyle benefits and is particularly suited to those who are more frequent travellers or more likely to spend on leisure such as dining out. Both the cards offer automatic enrolment to Membership Rewards, the loyalty programme from American Express. They also enable the cardholders to revolve their balance on the card, giving them the convenience of an extended payment option. Under the partnership, Equity Bank will have exclusive rights to issue American Express cards in Kenya, Uganda and Tanzania. The bank also acquires merchants on to the American Express network in these countries.

American Express Company Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Tax Rate Guidance for the Full Year 2014

American Express Company reported consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net interest income of USD 1,395 million compared to USD 1,283 million a year ago. Total revenues net of interest expense was USD 8,329 million compared to USD 8,301 million a year ago. Total revenues net of interest expense after provisions for losses was USD 7,841 million compared to USD 7,882 million a year ago. Net income was USD 1,477 million compared to USD 1,366 million a year ago. Net income attributable to common shareholders was USD 1,466 million compared to USD 1,354 million a year ago. Diluted net income attributable to common shareholders was USD 1.40 compared to USD 1.25 a year ago. Return on average equity was 28.8% compared to 24.3% a year ago. Return on average common equity was 28.6% compared to 24.1% a year ago. Return on average tangible common equity was 35.6% compared to 30.6% a year ago. Book value per common share was USD 19.54 compared to USD 17.94 a year ago. Performance in this quarter reflected higher spending by card members, solid growth in loan balances, credit indicators at or near historical lows, disciplined control of operating expenses and a strong balance sheet that enabled to return a substantial amount of capital to shareholders in the form of share repurchases over the past year. For the nine months, the company reported net interest income of USD 4,048 million compared to USD 3,728 million a year ago. Total revenues net of interest expense was USD 25,185 million compared to USD 24,427 million a year ago. Total revenues net of interest expense after provisions for losses was USD 23,723 million compared to USD 23,074 million a year ago. Net income was USD 4,438 million compared to USD 4,051 million a year ago. Net income attributable to common shareholders was USD 4,403 million compared to USD 4,015 million a year ago. Diluted net income attributable to common shareholders was USD 4.17 compared to USD 3.67 a year ago. Return on average equity was 28.8% compared to 24.3% a year ago. For 2014, the company expects tax rate could be closer to the mid-30s.

 

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Industry Analysis

AXP

Industry Average

Valuation AXP Industry Range
Price/Earnings 16.1x
Price/Sales 2.9x
Price/Book 4.5x
Price/Cash Flow 15.7x
TEV/Sales 0.3x
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