American Express shares were up 0.37% premarket after the company announced that it will be boosting the benefits on its Platinum charge card for the second time since October.
Category: Travelers Express Company
5 Stocks Insiders Love Right Now: GNC, AXP, AVP, ASPS, SM
Insiders at GNC Holdings, American Express and three other companies have been scooping up shares of their own stock lately. Corporate insiders sell their own companies’ stock for a number of reasons.
American Express: Signs of Life Amidst the Costco Rubble
In January 2015, the stock traded as high as $94. Two years later and the stock price cannot sniff $80, much less its former highs.True, it is well off its lows from last year, but it might be quite a while before it regains its former heights.
Revenue and Earnings Fall at American Express
Shares of the credit card giant are down since the news, dropping by 2% over the intervening days. American Express earned $825 million in the three months ended December 31, down 8% from the year-ago period.
American Express Shares Up Slightly After Company’s Quarterly Sales Beat Expectations
Shares of American Express Co. rose slightly late Thursday after the credit card company reported fourth-quarter earnings below expectations but quarterly sales slightly above forecasts.
American Express Profit Falls 8.2% as Expenses Top Estimates
American Express Co., the largest U.S. credit-card issuer by purchases, said fourth-quarter profit fell 8.2 percent as expenses exceeded analysts’ estimates and the firm set aside more money to cover bad loans. Net income dropped to $825 million, or 88 cents a share, from $899 million, or 89 cents, a year earlier, the New York-based company said Thursday in a statement.
AmEx Profit Lags Estimates as Chenault Invests 35% More in Marketing
American Express posted lower profit in the last three months of 2016 than analysts expected as CEO Kenneth Chenault boosted spending on marketing and promotion by 35% to replace some of the revenue lost with the Costco portfolio. net income dropped 8% from a year earlier to $825 million, the New York-based company said in a statement .
American Express Is Golden but Is It Worth Holding?
American Express is on a roller coaster. The company’s stock set its all-time intraday day high in July 2014 and declined by 47.8% when the stock traded to its multiyear intraday low in February 2016.