Kenneth Chenault

Tax Law Knocks American Express Into the Red
Tax

Tax Law Knocks American Express Into the Red

The company posted its first net loss in a quarter of a century but adjusted earnings and revenue beat analysts' estimates.
By Matthew Heller | January 19, 2018
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Rewards Spending Cuts Into AmEx Profit
Financial Performance

Rewards Spending Cuts Into AmEx Profit

The company's consolidated expenses rose 21% to $5.8 billion in Q2 as it tried to keep affluent customers from switching to rivals.
By Matthew Heller | July 20, 2017
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AmEx Sales Drop 2% to $7.9B, Beat Estimates
Financial Performance

AmEx Sales Drop 2% to $7.9B, Beat Estimates

The company has been more aggressively marketing its products and making changes to the Platinum Card to recover from the loss of its Costco partnership.
By Matthew Heller | April 19, 2017
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Activist Investor Takes $1B Position in AmEx
Investor Relations

Activist Investor Takes $1B Position in AmEx

ValueAct Capital is the latest example of activists “moving up the corporate food chain toward larger targets” as their financial firepower increases.
By Matthew Heller | August 7, 2015
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