About the Company
Headquartered in 200 Vesey Street, New York, American Express Company is a multinational financial services corporation. Founded in 1850, Amex is one among the illustrious 30 Dow Jones Industrial Average components.
As of 2019, it has more than 64,500 employees serving worldwide in countries like India, the United States and Canada. It is widely popular for its credit cards, traveller's cheque and charge card business.
Amex also offers both business and personal loans to its customers should they meet the eligibility requirements. It also provides a membership rewards system that has a vast range of benefits for each country.
There are seven different types of cards under its array of offerings. These include the Platinum Card, Platinum Travel Credit Card, Platinum Reserve Credit Card, SmartEarn Credit Card, Jet Airways Platinum Credit Card, Gold Card and Membership Rewards Credit Card. Amex offers several advantages to its cardholders under six categories including Amex Experiences, Dining, Payment Security, Travel, Insurance & Protection and Amex Offers.
The company has partnered with several leading enterprises like Herman Miller, Pepperfry and Kalyan Jewellers, etc. In certain countries, it also provides insurance under various categories, including travel, personal accidents, health, life, car, critical illness and home.
Amex was founded as an express mail business in Buffalo, New York by John Warren Butterfield, Henry Wells and William G. Fargo. In 1857, it ventured into the realm of financial services by launching a "money order" business, after turning shipment services into its virtual monopoly. Later in 1891, traveller’s cheques were introduced to make the process of obtaining cash in foreign countries easier.
It was not until the 1980s that the company decided to venture into the investment banking sector. Following this decision, it made several acquisitions between 1980 and 1988, the most important being its purchase of Sanford I. Weill's Shearson Loeb Rhoades and formation of the Shearson/American Express. It then went forward and purchased Lehman Brothers Kuhn Loeb's investment banking firm in 1984 and the brokerage firm of E.F. Hutton & Co. in 1988. Neither Shearson nor Lehman's name remained by 2008, and they collectively became "American Expression".
Amex is both an S&P 100 and S&P 500 component, and trades in the New York Stock Exchange under AXP.
It ranked 9th in the Fortune list of the Top 100 Companies to Work for in 2020, which was based on a survey of satisfaction conducted on its employees. Amex also ranked 23rd in the Forbes list of most valuable brands in the world.;
|Organisation||American Express Co|
|HeadQuarters||New York, NY|