AmEx warns of higher costs as it boosts rewards program, shares fall [Reuters]
American Express Company (AXP)
Last american express company earnings: 4/24 07:00 am
Check Earnings Report
US:NYSE Investor Relations:
ir.americanexpress.com
Company Research
Source: Reuters
AmEx warns of higher costs as it boosts rewards program, shares fall - Reuters 3 Min Read (Reuters) - American Express Co ( AXP.N ) warned of higher operating costs this year as the credit card issuer spends heavily on rewards programs to attract customers in an increasingly crowded market, sending its shares down 2.5% on Friday. AmEx cards, for long the preferred choice of affluent Americans, is now battling competition from JPMorgan Chase & Co’s ( JPM.N ) Sapphire Reserve and Citigroup Inc’s ( C.N ) Prestige Card. AmEx has been ramping up its reward programs on its cards and striking partnership deals with a number of companies in a move to attract and retain customers. The company in 2018 renewed a partnership with Delta Air Lines Inc ( DAL.N ) that rewards customers with air miles. Card reward expenses jumped 9% in the second quarter to $2.65 billion, compared with a 4% rise in the first quarter. Total expenses rose 9.2% in the quarter ended June 30 from a year earlier, wh
Show less
Read more
Impact Snapshot
Event Time:
AXP
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
AXP alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
AXP alerts
High impacting American Express Company news events
Weekly update
A roundup of the hottest topics
AXP
News
- American Express (NYSE: AXP) had its "outperform" rating re-affirmed by analysts at William Blair.MarketBeat
- Delta's Boeing 747 Amex credit card design returns: What to know about the limited release [Yahoo! Finance]Yahoo! Finance
- Best Business Credit Cards For LLCs Of April 2024 [Forbes]Forbes
- American Express and Delta Air Lines® Bring Back Popular Airplane Metal Card Design [Yahoo! Finance]Yahoo! Finance
- American Express and Delta Air Lines® Bring Back Popular Airplane Metal Card DesignBusiness Wire
AXP
Earnings
- 4/19/24 - Beat
AXP
Sec Filings
- 4/26/24 - Form 13F-HR
- 4/25/24 - Form 4
- 4/25/24 - Form 8-K
- AXP's page on the SEC website