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Tag: American Express


Financial Services, Industries

American Express Blasts Earnings Forecasts on Post-COVID Spending Surge

July 23, 2021

Via: TheStreet

American Express Co. (AXP) – Get Report posted stronger-than-expected second quarter earnings Friday thanks to a post-pandemic boom in consumer spending and the release of loan loss reserves. American Express said diluted earnings for the three months ending in June […]


Financial Services, Industries

American Express earnings beat expectations on strong card fee revenues, shares rise

January 24, 2020

Via: CNBC

American Express on Friday reported fourth-quarter results that beat analyst expectations, sending the stock higher, as card fee revenues grew more than expected. The shares rose 2.4% in premarket trading. Here’s how the payments company’s results compared with what Wall […]


News

Who is the New CEO of American Express?

October 19, 2017

Via: TheStreet

American Express Co. (AXP – Get Report) CEO Kenneth Chenault, who earned investor Warren Buffett’s admiration for steering the lender through the Sept. 11 terrorist attacks and the 2008 financial crisis, is stepping down after 16 years in charge. Chenault, […]


Financial Services, Industries

AmEx Shares Pop After Profit Surpasses First-Quarter Estimates

April 20, 2017

Via: TheStreet

American Express  (AXP)  shares popped 2.5% after the credit card company posted higher profit in the first three months of 2017 than analysts expected. Earnings of $1.34 a share compared with the $1.28 average estimate from analysts surveyed by FactSet, […]


Financial Services, Industries

An Ounce of Prevention: How AmEx Eased the Pain of Losing Costco

March 9, 2017

Via: TheStreet

American Express  (AXP)  knew abandoning its branded-card deal with Costco would hurt, but CEO Kenneth Chenault had months to prepare. He used them to insulate the New York-based company from the loss as much as possible, by wooing Costco customers […]


Financial Services, Industries

AmEx Profit Lags Estimates as Chenault Invests 35% More in Marketing

January 20, 2017

Via: TheStreet

American Express  (AXP)  posted lower profit in the last three months of 2016 than analysts expected as CEO Kenneth Chenault boosted promotional spending by 35% to replace some of the revenue lost with the Costco portfolio. Earnings of 91 cents a […]


Finance Tech, Mobile Banking & Payments

From AmEx to Visa, Credit Card Business Gets Pummeled by Brexit

June 28, 2016

Via: TheStreet

Using plastic to make payments abroad will likely become more complicated after the United Kingdom’s decision to leave the European Union, a prospect that hurts U.S. companies issuing credit cards and processing payments. The details of Great Britain’s departure, including what trade agreements […]


Industries, Retail & Wholesale

Costco Will Save Millions With Visa Card Switch, Analysts Say

June 17, 2016

Via: TheStreet

Costco Wholesale (COST) will switch to Visa (V) credit cards in four days, marking the end of its 17-year alliance with American Express (AXP) . This means American Express cards will no longer be accepted at Costco as of Monday. […]


Industries, Retail & Wholesale

Does a Credit Card Upgrade Create a New Account?

January 22, 2016

Via: The Huffington Post

When Costco announced in 2015 that it would switch its co-branded credit card from American Express to Visa, some cardholders got nervous. Even though they’d be able to keep earning special credit card rewards as Costco members, they worried that […]


Financial Services

Sam’s Club to accept American Express credit cards

September 10, 2015

Via: itCurated

Sam’s Club, Wal-Mart Stores Inc’s warehouse division, will accept American Express credit cards starting Oct. 1, in addition to the other cards it already accepts in its stores, the companies said on Thursday. Sam’s Club will also accept Amex’s Bluebird […]