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- Stock symbol: AXP (NYSE)
- Also known as: AmEx
- Annual revenue (2007): $31.557 billion
- Founders: Henry Wells, William Fargo, John Butterfield
- Year established: 1850
- Industry: Finance
- Phone: (212) 640-2000
- Toll free phone: (800) 528-4800
- HQ: New York, NY
- President: Al Kelly Jr.
- Chairman/CEO: Ken Chenault
- Staff (2007): 67,700
- American Express announced layoffs of 7,000 on October 30, 2008MarketWatch: American Express Announces Reengineering Plan to Generate.... (October 30, 2008)
- Announced layoffs of 4,000 workers, or 6% of their workforce, in May 2009MarketWatch: AmEx to cut 4,000 more jobs, reduce spending (May 18, 2009)
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American Express provides credit cards, travelers cheques, charge cards and other financial services. American Express' well-known slogan, "Don't Leave Home Without It", has been part of American pop culture since 1975.
In May 2009, American Express announced that they will be cutting nearly 6 percent of their workforce, or more than 4,000 jobs. The cuts will save approximately $175 million in 2009 alone. American Express also plans to reduce expenses by lower spending on marketing and business development and by cutting expenses for travel, general overhead, consulting and other services.MarketWatch: AmEx to cut 4,000 more jobs, reduce spending (May 18, 2009)
Key Dates
- 1850: Founded as an express delivery company
- 1882: Begin issuing money orders
- 1891: Creates travelers cheques
- 1895: First European branch
- 1914: Becomes delivery service to British POWs in Germany
- 1950: Over 170 branches worldwide employing 5,500 workers
- 1958: First American Express charge card
- 1966: American Express Gold Card
- 1986: Earnings break $1 billion
- 2006: Ranked 34th most desirable company to work for by CNN
- 2008: Ranked the 75th in Fortune 500
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American Express Questions
Bank : What was American Express Credit Card Write-Offs in 2008? 2 AnswersAmerican Express reported $8 billion in write-offs on their 8k for 2008. (7.5% of 32.6 billion category A cards, and 7.3% of $62.4 billion of category B cards).... read more
Bank : How much did American Express collect in penalty fees in 2008? 4 AnswersPer Footnote 23 (page 112) of the American Express 2008 10-k filing with the SEC, American Express recorded $852,000 in delinquincy fees for the year ended Dece... read more
Differences between American Express Platinum Card and the American Express Black Card? 7 AnswersThe main difference between the two seems to be the prestige. A commenter here: http://www.productivity501.com/american-express-concierge/517/#comment-34207... read more
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Our sophisticated technology is certified by both Visa and American Express.
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Have I said it before? The American Express smiley objects spot makes me swoon. Simple and visually stunning.
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American Express takes aim at PayPal with Revolution (AFP)http://bit.ly/7dCNkk
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AMEX Cardholder's | The Daily Wish!: I talked about the Daily Wish from American Express before HERE. I thought.. http://bit.ly/5QKdHx
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American Express takes aim at PayPal with Revolution http://cli.gs/1MXvM
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