American Express - Company Report
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Transcript of American Express - Company Report
![Page 1: American Express - Company Report](https://reader034.fdocuments.net/reader034/viewer/2022052514/58ed2d9b1a28ab14268b4605/html5/thumbnails/1.jpg)
American ExpressJames Lee (jajulee)
![Page 2: American Express - Company Report](https://reader034.fdocuments.net/reader034/viewer/2022052514/58ed2d9b1a28ab14268b4605/html5/thumbnails/2.jpg)
Brief History
1850 1882
Establishment
Money Order
1891
Traveler’s Check
1958. . .
First Credit Card
1978
IPO
. . .
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Problems to Solve
How to provide premium financial services to incentive consumer spending
How to provide a comfortable and secure payment medium for travelers
![Page 4: American Express - Company Report](https://reader034.fdocuments.net/reader034/viewer/2022052514/58ed2d9b1a28ab14268b4605/html5/thumbnails/4.jpg)
Core Products
Card Products
Non-Card Products
![Page 5: American Express - Company Report](https://reader034.fdocuments.net/reader034/viewer/2022052514/58ed2d9b1a28ab14268b4605/html5/thumbnails/5.jpg)
Hidden Products or Secret Sauce
Prestige
Perks
![Page 6: American Express - Company Report](https://reader034.fdocuments.net/reader034/viewer/2022052514/58ed2d9b1a28ab14268b4605/html5/thumbnails/6.jpg)
Business Model
Closed Loop
Higher Merchant Fees
Charge Card
![Page 7: American Express - Company Report](https://reader034.fdocuments.net/reader034/viewer/2022052514/58ed2d9b1a28ab14268b4605/html5/thumbnails/7.jpg)
Financials (NYSE:AXP)
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Financials (NYSE:AXP)
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Revenue vs. Return
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Comparison ChartAmerican Express
Visa, Mastercard
Chase, Citi Debit/Bank
Venmo, PayPal
Universal Acceptance
Prestige
Online Platforms
Closed Loop Model
Low User Cost
![Page 11: American Express - Company Report](https://reader034.fdocuments.net/reader034/viewer/2022052514/58ed2d9b1a28ab14268b4605/html5/thumbnails/11.jpg)
Future/Outlook
Despite Costco fallout, users are spending more than ever ~7% increase
Growing customer and merchant base (~10 Million new cards and ~1 Million new merchants in 2016)
Weak technology and “secret sauce” base
![Page 12: American Express - Company Report](https://reader034.fdocuments.net/reader034/viewer/2022052514/58ed2d9b1a28ab14268b4605/html5/thumbnails/12.jpg)
References
https://www.fool.com/investing/2017/01/23/revenue-and-earnings-fall-at-american-express.aspx
https://www.fool.com/investing/general/2015/02/21/the-14-billion-difference-how-visa-mastercard-and.aspx
https://image.slidesharecdn.com/americanexpresscompany-aresearchbyhassankhan-150427141841-conversion-gate02/95/american-express-company-a-research-by-hassan-khan-6-638.jpg?cb=1430144448
https://en.wikipedia.org/wiki/American_Express#Non-card_products
https://www.google.com/search?q=american+express+card+visa&source=lnms&tbm=isch&sa=X&ved=0ahUKEwiynPCc06DSAhUEOCYKHeEFAQcQ_AUICCgB&biw=841&bih=611#imgrc=6V6SCkz9i7S9HM: