American Express Company · New York, NY United States · (NYSE: AXP)
Company Description
Phone: 212-640-2000
Rankings
- #313 in FT Global 500
- #74 in FORTUNE 500
- S&P 500
- Dow Jones Industrials
More Companies in: New York, New York
More Companies in These Related Industries: Investment Management, Banking, Lending & Credit Services, Investment Services, Commercial Banking, Clearing Operations
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This link will open in a new window American Express makes money even if you do leave home without it. The company is one of the world's largest travel agencies, but it is better known for its charge cards and revolving credit cards. And yes, the company still issues traveler's checks and publishes such magazines as Food & Wine and Travel & Leisure through its American Express Publishing unit. Its travel agency operations have more than 2,200 locations worldwide, and its Travelers Cheque Group is the world's largest issuer of traveler's checks (it also issues gift cards). But the company's charge and credit cards are its bread and butter; American Express has more than 92 million cards in circulation worldwide. To read the full description, subscribe now.
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Key American Express Company Financials
| Company Type | Public - NYSE: AXP Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $28,365.0 |
| 2008 Employees | 66,000 |
American Express Company Executives
60 executives listed for American Express Company's New York, NY location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Kenneth Chenault | |
| Vice Chairman and CEO, Business-to-Business | Edward Gilligan | |
| President | Alfred Kelly |
Competition
Competitive Landscape for American Express Company
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top American Express Company Competitors
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