Latest news with #AmericanExpress'
Business Wire
01-07-2025
- Business
- Business Wire
American Express Announces 2025 Preliminary Stress Capital Buffer Requirement
NEW YORK--(BUSINESS WIRE)--American Express Company (NYSE: AXP) today announced that the Federal Reserve set the company's preliminary Stress Capital Buffer ('SCB') requirement at 2.5 percent, effective October 1, 2025 through September 30, 2026, based on the results of the 2025 Comprehensive Capital Analysis and Review process. This is the minimum SCB requirement under the applicable regulations and is consistent with American Express' previously disclosed SCB in effect through September 30, 2025. 'The results of this year's stress test once again reaffirmed our strong capital position and the earnings power of our resilient business model,' said Christophe Le Caillec, Chief Financial Officer. 'We remain focused on executing our disciplined capital allocation strategy, prioritizing investments in our business to drive sustainable long-term growth, while maintaining a strong balance sheet and returning excess capital to our shareholders.' As previously disclosed, American Express increased its quarterly dividend on common shares by 17 percent to $0.82 per share beginning with the first quarter 2025 dividend declaration, and returned $5.4 billion of capital to shareholders via share repurchases during the 12 months ended March 31, 2025. The SCB requirement is subject to final confirmation by the Federal Reserve, which is expected by August 31, 2025. ABOUT AMERICAN EXPRESS American Express (NYSE: AXP) is a global, premium payments and lifestyle brand powered by technology. Our colleagues around the world back our customers with differentiated products, services and experiences that enrich lives and build business success. Founded in 1850 and headquartered in New York, American Express' brand is built on trust, security, and service, and a rich history of delivering innovation and Membership value for our customers. With a hundred million merchant locations on our global network in around 200 countries and territories, we seek to provide the world's best customer experience every day to a broad range of consumers, small and medium-sized businesses, and large corporations. For more information about American Express, visit and CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements, which are subject to risks and uncertainties, contain words such as 'expect,' 'intend,' 'plan,' 'aim,' 'will,' 'may,' 'should,' 'could,' 'would,' 'continue' and similar expressions. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. Actual results may differ from those set forth in the forward-looking statements due to a variety of factors, including those described in American Express' Annual Report on Form 10-K for the year ended December 31, 2024 and its other reports filed with the SEC. The company undertakes no obligation to update or revise any forward-looking statements. Source: American Express Company
Time of India
16-06-2025
- Business
- Time of India
Major Amex Platinum Card update incoming — here's what U.S. consumers and business users can expect
American Express is rolling out new updates to its US Consumer and Business Platinum Cards later this year, which is the global payment company's biggest investment ever in a Card refresh, as per the firm's press release. American Express' New Updates Coming Soon The company's Group President of US Consumer Services, Howard Grosfield highlighted that, 'Platinum Card benefits and services resonate across generations, particularly with Millennial and Gen Z who accounted for 35% of total U.S. Consumer spending last quarter," adding, "We're going to take these Cards to a new level, not only in what they offer in travel, dining and lifestyle benefits, but also in how they look and feel, to meet the evolving needs of our customers,' as quoted in the company press release. More Lounges for Travelers The major plans set for American Express include the opening of three new Centurion Lounges in airports globally in the next year in Newark, New Jersey, Salt Lake City, Utah, and Tokyo, Japan, adding to the total number of Centurion Lounges to 32, as per the company. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like São Paulo: Dores da logística resolvidas [explore] Sistema TMS embarcador Saiba Mais Undo Expanded Dining and Hotel Perks The company emphasized that it will continue to invest in its dining and curated hotel programs and pointed out that the recent acquisition of Tock will add 7,000 restaurants, wineries and venues to Resy, a platform that serves as a powerful network within American Express providing access to reservations. American Express also said that Fine Hotels + Resorts credit card and The Hotel Collection will also add hundreds of new properties in popular destinations. Business Platinum Upgrades on the Way American Express revealed that it also plans to update the Business Platinum Card to offer Card Members more benefits they can use to help their companies grow along with access to dining, lounge and hotel benefits. The firm said, "Business Platinum Card Members enjoy a flexible spending limit that adapts based on purchase, payment and credit history, business and travel benefits, rich rewards on business expenses, virtual cards and access to cashflow management tools." Live Events The company also mentioned that it will partner with leading brands on the Platinum Card and will announce more as part of the Card refresh, with further updates expected to come in the fall. FAQs What's changing with the Amex Platinum Card? Amex is adding new travel, dining, and lifestyle benefits — plus refreshing the design and feel of the card itself. When will the new features roll out? More updates are expected to be announced in fall 2025 and benefits starting to roll out later in the year, as per the company's press release.
Yahoo
07-06-2025
- Business
- Yahoo
Is American Express Worth Buying Right Now?
American Express is a well-run financial giant. The company's target audience is highly resilient to economic hardship. Is the strength of this business model enough to make it a buy? 10 stocks we like better than American Express › American Express (NYSE: AXP) is one of the stocks owned by Warren Buffett within Berkshire Hathaway's stock portfolio. That fact alone is enough to get some investors to buy the stock. However, you really need to consider other factors, like the business behind the stock, as well as its price tag. Here's a look at whether American Express is worth buying right now. American Express is a financial giant, acting largely as a payment processor. The company's logo adorns credit cards that get used in retail establishments and online. Each transaction generates fee income for American Express. It issues its own cards, too, so it generates card/membership fees directly from customers there, as well. One differentiation between American Express and its peers is that Amex, as it is often called, focuses on more affluent customers. Wealthier consumers tend to be more resilient during economic downturns. Basically, they have the money to keep spending even as less affluent consumers hunker down. That means that Amex's business will usually perform relatively well during recessions and other periods of economic uncertainty. So far, 2025 has been filled with uncertainty. From tariff fights to stock market corrections, the news has been filled with negative headlines. In fact, American Express' stock price fell along with the S&P 500 (SNPINDEX: ^GSPC) earlier in the year. And it has recovered along with the index as well, as investors regained confidence. What's notable, however, is that American Express' price moves have been more dramatic than the market's moves. That's an interesting sign, since it could mean that Amex's stock has more recovery potential ahead of it. Given the strength of its business model, that isn't an unreasonable assessment. However, there's also a negative way to view the price swing. It could very well be that investors got overly enthusiastic about the business and bid the price up to unrealistic levels earlier in the year. And the return toward those levels just indicates that investors are, again, being overzealous with their expectations. A look at traditional valuation metrics, perhaps unfortunately, suggests the second explanation is the more likely one. American Express' price-to-sales ratio is currently around 3.1, compared to a five-year average of 2.6. The price-to-earnings (P/E) ratio is currently about 20.5, versus a longer-term average of just under 19. And the price-to-book value ratio is 6.6 today, compared to a five-year average of roughly 5. All three metrics suggest that American Express is expensive today. And they are buttressed by a nontraditional valuation tool: dividend yield, which falls as share price rises. American Express' dividend yield is about 1.1% today. Not only is that less than the already miserly 1.3% yield you could collect from the S&P 500 index, but it is also near the lowest levels of the past decade. Again, the direction is pretty clear: Amex looks expensive. There's a reason Warren Buffett owns American Express. It is a well-run business with some clear advantages over its peers. Buffett didn't just buy Amex -- he's owned it for many years. And sticking with a good company is part of Buffett's investment approach. However, Buffett's mentor, Benjamin Graham, made an important observation that investors looking at American Express today should heed: Even great companies can be bad investments if you pay too much for them. And it looks like American Express is too expensive right now. Before you buy stock in American Express, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and American Express wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $674,395!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $858,011!* Now, it's worth noting Stock Advisor's total average return is 997% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 American Express is an advertising partner of Motley Fool Money. Reuben Gregg Brewer has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Berkshire Hathaway. The Motley Fool has a disclosure policy. Is American Express Worth Buying Right Now? was originally published by The Motley Fool
Business Wire
29-05-2025
- Business
- Business Wire
American Express Ranks No. 1 in the J.D. Power U.S. Credit Card Mobile App and Online Satisfaction Studies
NEW YORK--(BUSINESS WIRE)--The American Express ® App and the American Express (NYSE: AXP) website both rank number one in the J.D. Power 2025 U.S. Credit Card Mobile App and Online Satisfaction Studies. This is the fifth year American Express ranks as the top credit card mobile app in the study, since 2018, and marks the third time American Express ranks as both the top credit card website and mobile app since the inaugural J.D. Power 2019 U.S. Online Credit Card Satisfaction Study. The J.D. Power 2025 U.S. Credit Card Mobile App and Online Satisfaction Studies measure the overall satisfaction thousands of customers have with the digital offerings of their primary credit card issuers. American Express customers who used the mobile app and website rate it highest in all four categories measured by the study, including navigation, visual appeal, speed, and information/content. 'For 175 years, American Express' commitment to customer satisfaction has been the cornerstone of our brand. We strive every day to exceed the expectations of our customers at every touchpoint and in everything we do. That's why we continuously innovate to create intuitive, personalized experiences within our mobile app and Card Member website,' said Howard Grosfield, Group President, U.S. Consumer Services. 'This recognition was made possible by the exceptional talent across our product, design, engineering and analytics teams. Their focus on delighting our customers ensures we deliver world-class digital products that enhance the membership experience.' American Express' ongoing focus on improving our customers' digital experiences ensures consistent elevation of the visual appeal, navigation and performance of our website and mobile app. Enhancements over the past year include: Seamless Activation: A simpler and more intuitive way for mobile app and website users to activate their Amex Cards. Improved Look and Feel: A refreshed design system and use of enhanced designs which optimizes the visual appeal of the website. Streamlined Navigation: Introduction of a Customer Overview experience on the website that allows users to quickly see all of their relationships with Amex, improving ease of navigation and access to critical account information. Personalization: Launch of content tailored to the customer such as notifications of unused benefits, recognition of membership anniversaries, and lounge push notifications. We have seen record digital engagement in the U.S. as we continue to enhance the American Express mobile app and website experience, with monthly active users of the mobile app and website rising 8% over the past year 1. Customer satisfaction among U.S. consumers extends beyond the mobile app and website with Amex recently ranking No. 1 in customer satisfaction in the J.D. Power 2025 U.S. Consumer Lending Satisfaction Study 2. The company also ranked #1 in the J.D. Power 2024 U.S. Small Business Credit Card Satisfaction Study. ABOUT AMERICAN EXPRESS American Express (NYSE: AXP) is a global, premium payments and lifestyle brand powered by technology. Our colleagues around the world back our customers with differentiated products, services and experiences that enrich lives and build business success. Founded in 1850 and headquartered in New York, American Express' brand is built on trust, security, and service, and a rich history of delivering innovation and Membership value for our customers. With a hundred million merchant locations on our global network in over 200 countries and territories, we seek to provide the world's best customer experience every day to a broad range of consumers, small and medium-sized businesses, and large corporations. For more information about American Express, visit and Location: U.S.
Yahoo
23-05-2025
- Entertainment
- Yahoo
How Keke Palmer spends her 5 to 9 — from morning Pilates to drinking whiskey
Keke Palmer is the internet's darling. She's an Emmy-winning actor, headline-making podcaster, and TV host. Fun, charismatic, and genuine, Palmer can create a catch-phrase in a split-second moment of genius. Remember, "Sorry to this man"? So, ahead of our call, I was intrigued to find out what Palmer was like one-on-one, without cameras flashing or being on a big movie set. What I discovered is that she is everything you'd want a celebrity to be: simultaneously relatable (she's also obsessed with Pilates) and somehow otherworldly (she's motivated to work until 2 a.m.). In the latest installment of Business Insider's "5-9" series, Palmer, 31, shares a glimpse into her busy life as a businesswoman and mother, as part of her collaboration with American Express' Business Platinum Card. What time do you get up, and what's your morning routine? I put my clothes out the night before and get up between 6 a.m. and 6.45 a.m. If my workday starts after 8 a.m., I'll use that hour from 7 a.m. to work out: Pilates is my favorite. When I get back, I'll have a coffee. I'm drinking my water, and I've got my Stanley. Then I'll start work. Do you do reformer or mat Pilates? I love them both for different reasons. If I do mat Pilates, it's going to be heated, and if I do reformer Pilates, it's not. If my hair is done, I'm doing reformer, for sure. I don't want to get sweaty on the mat. The Pilates that I do is not as yoga-leaning, it's athletic — not cardio, but very intricate and muscle-building. It's the moment of my day that I get to myself, even if I'm in a class with other people. It's just me, feeling it, existing in the world, and doing something for myself. It's really meditative. When you're focusing so hard on what you're doing, you can't think about anything else. Exactly, girl. What do you have for breakfast? I try to eat something that will really nourish me, especially as I've got older and work so much. I love what I do, and I'm trying to extend my ability to keep doing it. Anything that's a whole food. I love eggs. Sometimes, I have egg whites with potatoes. This morning, I had sweet potato pancakes with a side of yogurt. It's not that I don't care about taste, I do, but I want to make sure that it's stuff that's going to be prolonging me for the rest of the day. Especially with all the traveling, too. How do you keep yourself healthy while traveling a lot? I definitely need a premium travel experience. I use my American Express Business Platinum Card because I can relax in the lounge, get something to eat, and do a little work if I need to. I travel for work mostly, sometimes getting right off the plane and straight into business, so the peace and the comfort that I can obtain from that kind of experience is helpful when I go in and pitch. What are your wellness essentials? I have an array of different things that really feed into my ability to stay grounded and at ease. For me, therapy is seasonal. I think that therapy is good if you're not doing it all the time. I love journaling, prayer, and any type of fitness, such as Pilates, yoga, and hiking. All of that stuff brings me immense joy. I love a good hike by myself, and I like doing things solo, because I'm always around so many people when I'm working. I love bingeing comfort TV. It doesn't even have to be the most interesting thing. Spending time with family is huge for me, especially my little boy. I love to be with him. It's like time stops. What time do you get home from work? When I'm on set, I can go as late as 2 a.m., but if I get out at a normal time, then I'm off around 8 p.m. to 10 p.m. Do you generally not eat dinner at home? I usually eat before I get home. And then when I'm back, I try to give my stomach a rest to digest because eating so late can mess me up for the next morning and disturb my sleep. Are you consciously intermittent fasting? I don't think of it that way. I think about it in terms of my gut. I've had a lot of health issues with PCOS, my nervous system, and my stomach, which has always been very sensitive. So, over these past few years, it's been really important for me to understand how to help my stomach and what foods are ticking it off, because when your gut brain is good, the rest of your brain is good. Once you find out what works for you, it makes a real difference. A lot of times, they're telling you the things that are good for you, but they're not necessarily good for you. Or they're telling you the things that are bad for you, but they're not necessarily bad for you. People often say, "No rice, no potatoes," but my body prefers those, and I'm not saying they've got to be deep-fried. I pair that with something fibrous, protein, or beans. That's good for me. Do you have a go-to drink? Yes, whiskey. With ice? No, I don't want it watered down! Good point. Do you have a skincare routine? It's kind of simple, but there are certain ingredients I like to use. Niacinamide, over-the-counter retinol — not prescribed because I don't want to go too harsh. I love La Roche Posay Mela B3 for dark spots, and also La Roche Posay's kids' and adults' SPF because it doesn't burn my eyes. I like oil-based cleansers, especially if I'm doing a lot of performing. Sometimes the makeup's coming on and off, and I don't want a cleanser that's going to be too stripping. I do switch up products because I honestly think that you have to learn your skin and be able to touch, feel, and look at it, and then define what you're going to do based on that. What's your nighttime routine? I love watching TV and oiling my hair while in the bath, using face wash and moisturizer, setting out my clothes, and turning on my bed warmer. It's a warming blanket from Amazon. I put it underneath my sheet, and it's perfect. I lie in bed. I might look at my phone or journal, drop a couple of magnesium drops in my water, maybe a little bit of turmeric, and sip on that. I have a bean bag eye mask. Sometimes, I microwave it. I put it on my eyes, and I'm out. I'll always go to sleep to some sitcom like "Girlfriends" or "Gilmore Girls" — any type of comfort show. Read the original article on Business Insider
