Free Historical Stock Price Data American Express
Stock Symbol: AXP
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Business Description
American Express Company is primarily engaged in the business of providing travel-related services, financial advisory services and international banking services throughout the world. It has three operating segments: Travel Related Services (TRS), American Express Financial Advisors (AEFA) and American Express Bank (AEB). TRS' products and services include, among others, charge cards, cardmember lending products, travelers' checks, and corporate and consumer travel services. AEFA's services and products include financial planning and advice, investment advisory services and a variety of products, including insurance and annuities, investment certificates and mutual funds. AEB's products and services include providing private, financial institution and corporate banking; personal financial services, and global trading. The Company operates on a global basis, although the principal market for financial advisory services is the United States.
Financial Information
For the six months ended 6/30/04, revenues rose 14% to $14.17 billion. Net income before acctg. change increased 20% to $1.74 billion. Results reflect higher discount revenue due to an increase in billed business, higher commisson fees and reduced provision for losses and benefits.
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