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Last $78.12 USD
Change Today +0.07 / 0.09%
Volume 5.9M
AXP On Other Exchanges
Symbol
Exchange
Sao Paulo
Frankfurt
As of 4:15 PM 03/31/15 All times are local (Market data is delayed by at least 15 minutes).

american express co (AXP) Snapshot

Open
$77.89
Previous Close
$78.05
Day High
$78.53
Day Low
$77.62
52 Week High
07/1/14 - $96.24
52 Week Low
02/17/15 - $77.12
Market Cap
79.3B
Average Volume 10 Days
7.9M
EPS TTM
$5.06
Shares Outstanding
1.0B
EX-Date
03/31/15
P/E TM
15.4x
Dividend
$1.04
Dividend Yield
1.33%
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 products and services include charge and credit card products; payments and expense management products and services; consumer and business travel services; stored value products, such as traveler’s cheques and other prepaid products; and network services. The company’s products and services also comprise merchant acquisition and processing, servicing and settlement, point-of-sale, and marketing and information products and services for merchants; fraud prevention services; and the design of customized customer loyalty and rewards programs. American Express 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. The company was founded in 1850 and is headquartered in New York, New York.

54,000 Employees
Last Reported Date: 02/24/15
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 Global Consumer & Small...
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 to Layoff 21 Jobs in Weston Global Billing Services Office

American Express submitted notice that it would permanently lay of 21 employees at its Weston Global Billing Services office. On Sept. 24, 2013, the company announced that is was closing its Weston Global Billing facility and moving the billing portion to U.S. vendor DST Output. In the process of closing the facility, American Express has terminated the employment of over 400 people and this is just the latest in the round of cuts. The company expects the process to be completed in 2015. American Express notified the state with a WARN notice that it would eliminate these 21 positions on May 29, 2015. The jobs cut include 17 customer care professionals and four operations team leaders. American Express is building a new office in Sunrise for its South Florida workforce remaining after the cuts.

American Express Plans for Protracted Legal Battle with Justice Department

American Express is planning for a protracted legal battle with the Justice Department in order to defend its ability to structure merchant contracts as it sees fit. Amex will ask a federal court to stay a recent ruling that its merchant contracts violated antitrust law. U.S. District Court Judge Nicholas Garaufis ruled in February that the card company's rules prohibiting merchants from offering incentives to use specific card brands are illegal. Garaufis had first ordered Amex and the department to seek a compromise on how to reform the practice, but he will now have to decide on a fix himself after the two sides found little common ground. Chenault said Amex will appeal once Garaufis issues his proposal and that he does not expect a quick resolution. Amex is concerned that it could lose market share if retailers are allowed to encourage the use of cheaper cards, a practice known as ‘steering.’ Amex is the only company still contesting the Justice Department's five-year-old efforts to stamp out the practice; Visa and MasterCard agreed to allow the practice in 2011. Federal prosecutors want Amex's reforms to mirror the Visa and MasterCard settlements, an idea Chenault rejected. Amex wants to keep far more restrictive provisions about when merchants can offer perks. Amex General Counsel Laureen Seeger argued that the fight is about more than just finances - the company wants to defend its autonomy to structure merchant contracts as it wishes.

American Express Mulls Acquisitions

American Express Company (NYSE:AXP) is seeking for acquisitions. Anre Williams, President, Global Merchant Services of American Express Company said in American Express Co investor day, “We did say that we would increase acquisitions by 50% or more per year starting in 2015 and going forward. We feel very confident in that statement. We're pleased with the early progress and the program is delivering on expectation.”

 

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Industry Analysis

AXP

Industry Average

Valuation AXP Industry Range
Price/Earnings 14.0x
Price/Sales 2.5x
Price/Book 3.9x
Price/Cash Flow 13.5x
TEV/Sales NM Not Meaningful
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