American Express Company (AXP)

In the past six months, American Express reported record second-quarter revenue and earnings per share, surpassing analysts' estimates. The company increased value for Business Platinum Card members and announced its 2025 preliminary stress capital buffer requirement. Several brokerages updated their ratings and price targets for AXP. Credit quality remained strong with low past due balances and net charge-offs. A record-breaking Platinum Card refresh was noted. The company announced plans to cease operations of its mobile payment platform, Amex Pay, and closed the operations of Amex Israel.

American Express's products and services exhibit some demand seasonality, particularly influenced by holiday shopping and travel. November has historically been a strong month for AXP stock. The company's revenue generation is significantly tied to customer spending, especially from its wealthier customer base on activities like trips and restaurants.

American Express Co. is a global financial services corporation specializing in payment cards and travel-related services. It operates within the Financials sector, offering charge and credit cards, expense management tools, consulting services, business financing solutions, a global payments network, merchant services, travel and lifestyle services, and other financial products.

American Express has a significant global presence, operating in over 130 countries and territories across Europe, the Middle East and Africa, Asia Pacific, Australia and New Zealand, Latin America, Canada, and the Caribbean. The company is headquartered in New York, USA.

American Express maintains a strong brand reputation, consistently ranked among the most valuable brands globally. The company emphasizes customer-focused innovation and sponsors major events. In 2023, American Express was recognized externally, including ranking No. 3 on Fortune's list of Best Companies to Work For. The company focuses on attracting Millennial and Gen Z consumers. A new multiyear agreement to be the official payments partner in the Americas for Formula 1 was added. In 2023, Amex refreshed or enhanced over 20 products globally, and the American Express Leadership Academy returned to London in July.

American Express Co. is primarily owned by institutional shareholders, who hold approximately 84.77% of the company's stock. Insiders own about 1.00%, and retail investors hold around 14.23%. Major institutional owners include Berkshire Hathaway Inc., Vanguard Group Inc., BlackRock, Inc., State Street Corp, JPMorgan Chase & Co, and Wellington Management Group LLP.