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AXP

American Express Company

5/25/2013, 3:17 AM ET

Quote & Headlines Market Currents StockTalk

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| Earnings
| Dividends
| M&A
| On the move

Tuesday, May 7, 10:07 AM American Express (AXP +0.2%) CFO Dan Henry is retiring after 6 years in the position and 23 years with the company. He will remain on the job until a successor can be found. (PR) Comment! [Financials, Breaking News]
Tuesday, April 30, 4:00 PM American Express Company (AXP): declares $0.23/share quarterly dividend, 15% increase from prior dividend of $0.20. Forward yield 1.35%. For shareholders of record July 05. Payable Aug. 09. Ex-div date July 03. (PR) Comment! [Dividends]
Tuesday, April 30, 1:58 PM American Express (AXP +1%) hikes its quarterly divided by $0.03/share, or 15%, to $0.23/share. That gives the transaction-processing giant a yield of 1.3%. (PR) Comment! [Financials, Dividends, Breaking News]
Thursday, April 18, 11:20 AM American Express (AXP +2.2%) is reiterated a Buy with $73 price target following earnings last night. "Core" EPS of $1.08 missed analyst's Bill Carcache's estimate by $0.06, but billed business was about inline. He's lifting his FY2013 EPS forecast to $4.92 from $4.76 and 2014 to $5.59 from $5.34. Comment! [Financials]
Wednesday, April 17, 4:26 PM More on American Express (AXP) Q1 earnings: Revenue net of interest expense +4% Y/Y. Average cardmember spending +4% Y/Y. Net write-off rate of 1.9%, about steady with the last couple of quarters, down from 2.3% a year ago. 30-days past due flat for the last year at about 1.3%. Total expenses of $3.145B up 1% Y/Y - marketing and promotion expense as a percent of managed revenue back down to 7.9% (was 9.3% in 2007). Earnings call at 5PM ET. (earnings slides) Shares -1.1% AH. (PR) Comment! [Financials, Earnings]
Wednesday, April 17, 4:09 PM American Express (AXP): Q1 EPS of $1.15 beats by $0.02. Revenue of $7.9B misses by $0.15B. Shares -1.1% AH. (PR) Comment! [Earnings, Breaking News, Financials, On the Move]
Wednesday, April 17, 12:10 AM Notable earnings after Wednesday’s close: ALB, AXP, CCK, CLB, CVA, CYS, EBAY, EPB, KMP, NE, SCSS, SLM, SNDK, STLD Comment! [Earnings, Breaking News]
Tuesday, April 16, 5:35 PM Notable earnings after Wednesday’s close: ALB, AXP, CCK, CLB, CVA, CYS, EBAY, EPB, KMP, NE, SCSS, SLM, SNDK, STLD Comment! [Earnings]
Monday, April 15, 10:51 AM American Express (AXP) further solidifies the standing of putative successor to CEO Ken Chenault, promoting Vice Chairman Edward Gilligan to president, effective immediately. "(He's) run just about every important business at the firm domestically and internationally," writes Citi's Donald Fandetti. (PR) Comment! [Financials]
Tuesday, April 9, 9:48 AM JPMorgan Chase (JPM) will lead big U.S. banks in job cuts with 17K expected through 2014, according to Bloomberg, after the six largest U.S. banks announced cuts to 1.8%, or 21K positions, during Q1. The housing rebound means many of the cuts will come in foreclosure units. Banks may tell more about their personnel plans starting this Friday when JPM and Wells Fargo (WFC) report Q1 results. 1 Comment [Financials]
Sunday, April 7, 2:01 AM The median total salary for the 100 highest-paid CEOs of major companies edged up 2.8% to over $14M in 2012, while the cost of perks, such as the use of private jets, jumped 19% to 320,635. Oracle's (ORCL) Larry Ellison was the top earner, receiving $96.2M in salary, perks and bonuses, and $90.7M in stock options. Other CEOs in the top 10 include HCA's (HCA) Richard Bracken, Disney's (DIS) Robert Iger, Nike's (NKE) Mark Parker, Starbucks' (SBUX) Howard Schultz and American Express' (AXP) Kenneth Chenault. 4 Comments
Friday, April 5, 3:25 PM American Express (AXP -2.5%) might miss its quarter, says Jefferies, as First Data metrics show a "precipitous drop" in Y/Y growth in spend - just 1.5% in February vs. high-single digits for the last year. With the stock outperforming the BKX over the last 3 months and trading at 14x earnings, it's vulnerable to the bad news. Comment! [Financials]
Thursday, April 4, 11:31 AM We're running out of stock. Corporate share buyback authorizations of $208B in Q1 are the strongest (as a % of capitalization) since Birinyi Associates began tracking the data in 1985. As a percent of capitalization, HD, UPS, AXP, and TXN - with authorizations of 13-18% of the float - lead the way. Next after AMEX in the recently green-lighted banks is BAC which plans to repurchase 3.8% of its shares. 7 Comments
Tuesday, March 26, 11:15 AM Wal-Mart (WMT -0.1%) is one step closer to looking like a bank after the FDIC approves deposit insurance for funds held in Bluebird debit and checking accounts under a joint venture with American Express (AXP +1.3%). Deposit accounts under the Bluebird program now feature the ability for customers to direct deposit social security payments, military and government paychecks, and tax refunds. 1 Comment [Consumer, Financials]
Monday, March 25, 11:43 AM The American Express (AXP) board approves the repurchase of up to 150M shares, replacing a prior program with about 70M in authorization remaining. The company 2 weeks ago received Fed approval for up to $4.2B in share repurchases over the next year as well as a bump in the dividend (next Q) to $0.23. (PR) 1 Comment [Financials]
Thursday, March 14, 4:43 PM More on bank capital return plans: American Express (AXP) an increase in the quarterly dividend to $0.23 from $0.20 and $4.2B in share repurchases over the next year. BNY Mellon (BK) an increase in the quarterly dividend to $0.15 from $0.13 and $1.35B in share repurchases over the next year. 1 Comment [Financials, On the Move]

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