Last $1,235 MXN
Change Today -13.00 / -1.04%
Volume 1.0K
AXP* On Other Exchanges
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As of 4:09 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

american express co (AXP*) Snapshot

Open
$1,235
Previous Close
$1,248
Day High
$1,235
Day Low
$1,235
52 Week High
12/30/14 - $1,386
52 Week Low
10/15/14 - $1,090
Market Cap
1.3T
Average Volume 10 Days
5.5K
EPS TTM
--
Shares Outstanding
1.0B
EX-Date
01/7/15
P/E TM
--
Dividend
$1.03
Dividend Yield
1.11%
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

Federal Judge Rules against American Express in Antitrust Suit

A federal judge ruled that American Express violated U.S. antitrust laws by barring merchants from asking customers to use one credit card over another. The case was a blow to American Express, who argued that its policies kept it competitive against the larger payment networks of Visa and MasterCard and their bank partners. American Express plans to appeal the decision. U.S. District Court Judge Nicholas Garaufis announced in his ruling that American Express nondisclosure policies harmed competition and prevented merchants from trying to lower their credit card processing costs. The Judge also announced that American Express policies kept consumers unaware how much using their credit cards cost merchants, which required merchants to pass along those costs in the form of higher prices. At the centre of the case are the fees merchants pay to process credit and debit cards, which have been largely hidden from the average consumer but are a major cost for any merchant who wants to accept plastic. Every time a credit or debit card is used at a merchant, the banks and payment networks take a small percentage of the transaction as a fee. The fee varies on what type of card is used, but typically debit cards are cheaper for merchants to process than credit cards. The credit cards that gave consumers perks such as reward points, cash back or airline miles, which are the cards American Express offers, were among the most expensive for merchants to process. Consumers never directly pay for these fees, but do so through higher prices merchants must charge to cover the processing costs. American Express required its merchants to accept all credit cards equally and could not encourage consumers to use one credit card over another through practices like signs that say "we prefer visa" or possibly offering discounts to discover cardholders. American Express refused to settle, and the issue went to trial last summer. The company argued at trial that merchants could discriminate against American Express cardholders due to the higher fees and also argued that, as the third-largest payment network, it was not in a position to stifle competition. Those arguments were rejected. Judge Garaufis ruled that the loyalty American Express cardholders have for their cards have been often enough to keep merchants accepting American Express cards.

American Express, Costco to Be Ending Their Exclusive Deal

Costco shoppers who have been limited for years to American Express credit cards may get a new option next year after an exclusivity deal between the companies expires. American Express said that it hasn't been able to come to an agreement with Costco on renewal terms. The current agreement covers U.S. stores and dates back 16 years. It will end March 31, 2016. American Express said that Costco pays a significantly lower rate than the overall average it imposes on other retailers as part of the agreement. That arrangement gave the credit-card company exclusivity for almost two decades, though Costco also accepts debit cards and cash.

American Express Company - Special Call

To discuss the context and business implications related to company's merchant acceptance agreements with Costco Wholesale Corporation

 

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Industry Analysis

AXP*

Industry Average

Valuation AXP* Industry Range
Price/Earnings 15.0x
Price/Sales 2.7x
Price/Book 4.1x
Price/Cash Flow 14.4x
TEV/Sales NM Not Meaningful
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