American Express Company issued 1,600 shares of 6.450% Fixed Rate Reset Noncumulative Preferred Shares, Series E, with a $1,600 million aggregate liquidation preference ($1,000,000 per share), deposited against delivery of depositary receipts evidencing 1,600,000 Depositary Shares. The company filed a Certificate of Amendment to fix the designations and rights of these new preferred shares, which restricts dividends on common or parity preferred stock if Series E dividends are not paid. Concurrently, American Express plans to redeem in full its outstanding Series D Preferred Shares on September 15, 2026, at $1,000,000 per share plus declared unpaid dividends. This equity issuance and redemption activity is part of the company's capital management strategy within the financial services industry.

American Express Company announced the launch of a proposed public offering of depositary shares, each representing a 1/1,000th interest in Series E Fixed Rate Reset Noncumulative Preferred Shares with $1.66 2/3 par value per share. The company intends to use net proceeds from this offering for general corporate purposes, including the potential partial or full redemption of its outstanding 3.550% Fixed Rate Reset Noncumulative Preferred Shares, Series D. Pricing and closing are subject to market conditions, with no assurance that the offering will price or close or that redemptions will occur. American Express Company operates in the financial services industry, providing payment processing, credit cards, and travel-related services.

American Express reported second-quarter 2026 net income of $3.1 billion, an 8% increase from $2.9 billion in the prior year. Diluted earnings per share rose 11% to $4.53. Total revenues net of interest expense grew 10% to $19.6 billion, driven by a 9% increase in Card Member spending. The company raised its full-year 2026 revenue growth guidance to 10% and maintained full-year EPS guidance of $17.30 to $17.90. Additionally, the company announced a proposed acquisition of TheFork, a European restaurant booking platform. American Express is a global payments and premium lifestyle brand.

On June 25, 2026, American Express Company issued a press release announcing the results of its company-run 2026 Dodd-Frank Act Stress Test (DFAST). The company operates in the financial services industry, providing credit cards, charge cards, and payment processing services.