American Express (AXP): General Introduction

American Express (NYSE: AXP) is a worldwide payments firm that links individuals to products, information, and experiences that improve their lives and help businesses succeed.

Their integrated payments platform comprises card-issuing, merchant-acquiring, and card network companies. American Express is a global leader in offering payment products and services to a diverse spectrum of clients, including individuals, small businesses, mid-sized enterprises, and major corporations.

American Express was founded in 1850 and is based in New York. It has a legacy based on service and is maintained by innovation. American Express® cards issued by American Express as well as third-party banks and other entities on the American Express network are widely accepted at millions of retailers worldwide.

Company’s history

American Express Corporation, is an American financial firm that primarily offers credit cards, handles payments, and offers travel-related services globally.

On March 18, 1850, three enterprises operating in the fast delivery of commodities, jewels, and money between New York City and Buffalo, New York, and places in the Midwest merged to form the original company:

• 1st: Livingston, Fargo & Company, previously known as Western Express, was founded in 1845 by Henry Wells and William G. Fargo.
• 2nd: Wells & Co. (previously Livingston, Wells & Co.), which Wells co-founded in 1846 and still controlled at the time of the merger.
• 3^rd: John Butterfield and James D. Wasson created the third Butterfield & Wasson.

American Express Company

American Express began as a small group of investors led by Wells as president and Fargo as secretary. By the end of the American Civil War, its company had become so large, with over 900 offices in ten states, that it drew competition in the shape of Merchants Union Express Company in 1866.

After two years of fierce competition, the two firms combined on November 25, 1868, to establish the American Merchants Union Express Company, with Fargo remaining president. In 1873, the corporation was renamed American Express Company.

Innovations

After Fargo died in 1881, his younger brother, James Congdell Fargo (1829-1915), became president and directed the firm for the following 33 years. He was responsible for the American Express Money Order (1882) and the American Express Travelers Cheque (1885). (1891). In addition, he established the first European office in Paris (1895).

Foreign development continued with the creation of offices in various European nations, including England (1896) and Germany (1898). In the early 1900s, the corporation began offering services in Brazil, Argentina, Japan, China, Egypt, and India.

When the United States federal government seized the express industry in 1918, combining all domestic express operations under the American Railway Express Company, American Express focused almost entirely on its banking activities and its newly announced travel services in 1915.

Investments

In 1958, American Express created the iconic green charge card. The company diversified its assets by purchasing firms in investment banking, insurance, and publishing from the 1960s to the 1980s. It bought Fireman’s Fund Insurance Company in 1968, Shearson Loeb Rhoades, Inc., which is a major brokerage business, in 1981 as well as Investors Diversified Services, Inc., a significant Minneapolis-based insurance, mutual fund, and financial advising organisation, in 1984. 

American Express’ work

American Express is a large credit card company that offers cards to individuals, small companies, and corporations. Traveller’s checks, credit cards, business and personal travel planning services, tour packages, and agencies for hotel and car-rental bookings are among the company’s travel-related offerings. During the early twenty-first century, American Express expanded to more than 40 nations. There was also a publishing branch that produced publications including Travel & Leisure and Food & Wine. Nevertheless, in 2013, it was sold to Time Inc.

Why trade shares?

Investing in the stock market may be quite profitable if done correctly. Given the growing popularity of CFDs, an increasing number of traders prefer trading shares using CFDs over regular shares, citing substantial benefits such as leverage and the option to go long and/or short. Additionally, fractional trading facilitates portfolio diversification by allowing you to participate in many firms for a fraction of the share price.

• 레버리지

CFDs on stocks allow you to increase your purchasing power by trading them with leverage. This means that you just need to deposit a little part of the whole deal value (the margin) to have complete market exposure.

• Trading CFDs

Profits may be made in both rising and declining markets. Essentially, traders in share CFDs are interested in speculating and catching price changes by taking short or long positions to profit from the asset’s price moving down or up. Traders who go long may be rewarded with dividend payouts, while those that go short may face dividend costs.

• 위험-요인

Trading shares with CFDs allow you to profit from a share’s movement without actually owning it, reducing risk.

• 다각화

With share CFDs, you may trade in shares from many markets across the world as well as other instruments, ensuring that your trading portfolio is not overly reliant on a single market and diversifying your trading portfolio.

• Simple to comprehend

CFDs on stocks are simple to grasp. Furthermore, brokerages’ trading service makes trading CFDs on shares much simpler, allowing you to trade with confidence.

• Shares of Well-Known Corporations

Investing in the stock market allows you to participate in an exciting market with new and emerging businesses. You may trade shares as CFDs on some of the world’s most well-known firms, like Snapchat, Nike, and Google.

Trade shares CFDs with IronFX

Start trading CFDs on stocks with an internationally reputable broker. Trade stocks and invest in some of the world’s greatest corporations. Use IronFX’s trading service to profit from rapid order execution and spreads as low as 0 pips. With IronFX’s user-friendly MetaTrader 4 trading platform, you can simply invest in prominent firms such as Apple, Microsoft, and Facebook, diversify your trading portfolio, and maximise your potential earnings. IronFX also provides fractional shares with no commission and flexible leverage up to 1:20. You may now buy or sell fractions of your favourite firms including Tesla, Amazon, and Apple, for as low as 0.1 share.

책임 고지:

본 정보는 투자 자문이나 투자 권유가 아닌 마케팅 커뮤니케이션으로 간주해야 합니다.