American Express shares, AXP stock quotes on the Stock Exchange

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An American Express card — American Express Gold Card

ISIN code: US0258161092
Sector: Finance
Industry: Financing / renting / leasing

Le actions of American Express are listed on the NYSE index under the ticker AXP.

View the stock's NYSE listing history

Company Description

American Express is an American diversified company engaged in travel and financial services. The company is a leader in the global payments industry. It operates through a network capable of handling millions of commercial transactions every day around the world. American Express is the fourth largest general purpose card network on a global basis based on purchase volume, behind China UnionPay, Visa e MasterCard. It is among the best known brands in the world and according to the FortuneMagazine among the best companies recognized as Best Companies to work for (9th place). As of 2020 it has 63.700 employees.

The headquarters are in New York.

The activities range in various sectors such as debit and credit cards, Travelers Cheques, Travel, Financial and Investment Services, Wealth Management and Insurance.
Revenues come mainly from the sale of means of payment to consumers (43,4%) followed by the sale of means of payment to small and large businesses (37%) and from the management of partner networks (19,6%).

It has been present in Italy since the early twentieth century. It has an office in Rome where there is the operations center and the general management while the commercial headquarters are in Milan.

American Express is publicly traded on the NYSE. It is one of the 30 companies that make up the Dow Jones Industrial Average.

I major shareholders of the company I'm:

Berkshire Hathaway, Inc., 19,08%
Blackrock Inc, 6,02%
The Vanguard Inc, 5,98%
State Street Corporation, 4,27%
Wellington Management Group, LLP, 4,01%
Fisher Asset Management, LLC, 1,97%
Massachusetts Financial Services Co., 1,56%
Dodge & Cox Inc, 1,54%
JP Morgan Chase & Company, 1,44%
Morgan Stanley, 1,26%

American Express shares are currently trading at over $165 a share.

Revenue in 2020 was $36,09 billion with net income of $3,14 billion.

The tagline is «Don't live life without it – Don't do business without it».

Economic and financial analysis of the company

American Express was founded in 1850 in Buffalo by Henry Wells, William Fargo and John Butterfield as a cash-in-transit company.
Create in 1882 the "payment orders"( money order) and competes with United States Postal Service money orders. A few years later the orders also arrive in Europe.

In 1891 the American Express Travelers Check was invented, the first prepaid instrument in history to improve the company's service.

In 1905 and 1906 he opened his offices in Paris and London. In the early twentieth century he landed in Italy with an office in Genoa. From 1914 he opened his own office in Rome.

In 1915, the travel division of American Express was established with the goal of making travel easier.

In 1918 he closed his initial business express business.

In 1919 theAmerican Express Company Inc. which will be called later American Express Bank.

The first American Express card was issued in 1958. It was immediately a notable success, three months after its issue it already had 500.000 cardholders in the USA.

In 1965 the American Express Company in New York.

In 1966 the Gold Card was created.

In 1971 personal credit cards were launched in Italy and in 1979 those dedicated to companies.

In 1984 the Platinum Card was introduced.

In 1991, the Membership Miles program was born, now Membership Rewards.

In 1999 American Express Blu was issued, a card that allows payments in installments of purchased goods, and the Centurion card (or Black card).

In December 2000, American Express acquired the company's $226 million credit card portfolio Bank of Hawaii, then division of Pacific Century Financial Corp.

It was created, in 2002, Open, a network for small businesses.

In 2003 American Express reached one million cardholders in Italy.

In 2005 it launched on the American market Express Pay. It spins off its unit to shareholders Financial Advisors (AEFA).

in 2006 sells its Bank of Hawaii card portfolio to Bank of America (MBNA).

in 2008 acquires GE's Corporate Payment Services business for 1 billion dollars. Launch a new product, called V-Payments, which allows for a tightly controlled single-use card number for greater control. Transfers American Express Bank Ltd to Standard Chartered Bank, the company's international banking subsidiary for $823 million.

In 2009 American Express completed the acquisition of RevolutionMoney, an online payment platform with innovative solutions for exchanging money.

In 2011 he acquired Loyalty Partners, a marketing services company and launches Serve, a platform for digital payments and e-commerce.

In 2012 he signed an agreement with Twitter for payments via the social network. Bluebird, a prepaid debit card, born from the agreement between American Express and Walmart is launched.

In 2014, he launched a travel management joint venture aThe world is born American Express Global Business Travel (GBT). The ownership is 50% with a group of investors led by Certares, a company with experience in the tourism sector. GBT has more than 18.000 employees in a network of over 140 countries and handles over $35 billion in corporate travel each year.

As of December 31, 2019, American Express had 114,4 million cards in operation (54,7 million in the United States alone), each with an average annual spend of $19.972.

In October 2020 it acquires Cabbage, an Atlanta-based online financial technology company.

Le subsidiaries of American Express I'm: