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American Express

American Express
About Us

American Express Company American Express logo (2018).svg Type Public Traded as NYSE: AXP DJIA component S&P 100 component S&P 500 component Industry Banking Financial services Predecessor Livingston, Fargo & Company Wells, Butterfield & Company Wells & Company Founded March 18, 1850; 168 years ago, in Buffalo, New York, U.S. Headquarters 200 Vesey Street, New York City, New York, U.S. Area served Worldwide Key people Stephen J. Squeri (Chairman & CEO) Jeffrey C. Campbell (Executive VP & CFO) Products Charge cards Credit cards Traveler's cheques Corporate banking Services Finance Insurance Travel Revenue Increase US$ 33.47 billion (2017) Operating income Decrease US$ 7.41 billion (2017) Net income Decrease US$ 2.74 billion (2017) Total assets Increase US$ 181.16 billion (2017) Total equity Decrease US$ 18.23 billion (2017) Number of employees ~55,000 (2017) Website AmericanExpress.com Footnotes / references [1][2][3] The American Express Company, also known as Amex, is an American multinational financial services corporation headquartered in Three World Financial Center in New York City. The company was founded in 1850 and is one of the 30 components of the Dow Jones Industrial Average.[4] The company is best known for its charge card, credit card, and traveler's cheque businesses. In 2016, credit cards using the American Express network accounted for 22.9% of the total dollar volume of credit card transactions in the US.[5] As of December 31, 2017, the company had 112.8 million cards in force, including 50 million cards in force in the United States, each with an average annual spending of $18,519.[3] In 2017, Forbes named American Express as the 23rd most valuable brand in the world (and the highest within financial services), estimating the brand to be worth US$24.5 billion.[6] In 2018, Fortune ranked American Express as the 14th most admired company worldwide,[7] and the 23rd best company to work for.[8]