American Express’s Express Growth

American Express Company is a global services company that provides customers with access to products, insights and experiences that enrich lives and build business success. Its principal products and services are charge and credit payment card products as well as travel-related services offered to consumers and businesses around the world. The company is principally engaged in businesses comprising of four reportable operating segments: U.S. Card Services, International Card Services, Global Commercial Services and Global Network & Merchant Services. It competes in the global payments industry with charge, credit and debit card networks, issuers and acquirers, as well as evolving alternative payment mechanisms, systems and products.

Over the past year, the American Express Company stock has shown a capital appreciation of 31.18%. American Express’ net income witnessed a growth of 5% in the latest quarter, driven by increased cardholder spending and the consequent revenue boost for the card-issuing company. The recent earnings beat Wall Street analysts’ expectations, yet its 4% revenue increase missed expectations. The NY-based company saw its stocks dip more than 1% in after-market trading.