|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||90.41 - 92.36|
|52 Week Range||75.51 - 102.39|
|PE Ratio (TTM)||30.45|
|Earnings Date||Apr 18, 2018|
|Forward Dividend & Yield||1.40 (1.47%)|
|1y Target Est||107.96|
On March 8, 2018, American Express (AXP) announced that Sonia Cargan will become its chief diversity officer. Management for American Express believes Cargan’s experience will be valuable to the company. On March 13, 2018, American Express announced that it has appointed Christopher D. Young as a member of the board of directors.
American Express (AXP) currently has a wide reach in the United States. It has entered into various bank partnerships that have helped it generate domestic revenues. Any improvements should be beneficial since they would most likely attract customers.
The current power structures and business currencies still conform to the same norm, consciously or unconsciously: someone who looks more like Bob Iger than Bob Johnson.
American Express (AXP) could benefit from changes to the Dodd-Frank Act. The most important change is that a bank’s total assets need to be more than $250 billion in order to qualify for the “too big to fail” designation. Smaller banks would be excluded from the designation and would spend less on regulatory measures. Another change is releasing banks from the Volcker Rule, which is part of the Dodd-Frank Act.
On March 7, 2018, American Express (AXP) held its Investor Day, which focused primarily on its business model, avenues for investments, and insights regarding the payments industry. In its discussion on its business model, management stated that the company has a wide reach and diverse customer base. According to the company’s investor presentation, out of its total revenues, 75% was comprised of revenues garnered from fees as well as spending after deducting reward costs.
On January 30, 2018, American Express (AXP) announced the acquisition of Mezi, an app (application) that focuses on customer satisfaction by guiding customers in booking as well as planning trips. On the Mezi app, interested customers can text their requirements for restaurants and flights and are then guided through the next steps. The company, with the help of human expertise as well as AI (artificial intelligence), customizes travel requirements to help customers make good decisions.
American Express Company plans to host a live audio webcast of its earnings conference call at 5:00 p.m. on Wednesday, April 18, 2018 to discuss first quarter 2018 financial results.
This could indicate that investors who seek to profit from falling equity prices are not currently targeting AXP. Over the last one-month, outflows of investor capital in ETFs holding AXP totaled $3.11 billion.