Wells and Fargo also started Wells Fargo & Co. Fargo (Livingston, Fargo & Company), and John Warren Butterfield (Wells, Butterfield & Company, the successor earlier in 1850 of Butterfield, Wasson & Company). It was founded as a joint-stock corporation by the merger of the express companies owned by Henry Wells (Wells & Company), William G. In 1850, American Express was started as an express mail business in Buffalo, New York. Fargo as Secretary and Henry Wells as President Share of the American Express Company, issued 13. 12 Management, corporate governance, ownership.10 Cultural projects and sponsored events.9.2 The Adventures of Seinfeld & Superman.7.2 Card acceptance outside the United States.5.5 Costco exclusivity arrangement (2004–2016).5.3 Charging order controversy in the UK.2.5 Suspension of all operations in Russia and Belarus.2.2 TDB American Express Bank, Switzerland.2.1 Investment banking (Shearson Lehman Hutton, IDS): 1981–1994.In 2020, Fortune magazine ranked American Express at number 9 on their Fortune List of the Top 100 Companies to Work For in 2020 based on an employee survey of satisfaction.
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. As of December 31, 2019, the company had 114.4 million cards in force, including 54.7 million cards in force in the United States, each with an average annual spending of $19,972.
In 2016, credit cards using the American Express network accounted for 22.9% of the total dollar volume of credit card transactions in the United States. By 2008 neither the Shearson nor the Lehman name existed. The company's logo, adopted in 1958, is a gladiator or centurion whose image appears on the company's well-known traveler's cheques, charge cards, and credit cards.ĭuring the 1980s, Amex invested in the brokerage industry, acquiring what became, in increments, Shearson Lehman Hutton and then divesting these into what became Smith Barney Shearson (owned by Primerica) and a revived Lehman Brothers. The company was founded in 1850 and is one of the 30 components of the Dow Jones Industrial Average. American Express Company ( Amex) is an American multinational corporation specialized in payment card services headquartered at 200 Vesey Street in the Battery Park City neighborhood of Lower Manhattan in New York City.