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American Express (NYSE: AXP) is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses.

The company's common stock trades on the New York Stock Exchange under the ticker symbol AXP. It is one of the 30 stocks that comprise the Dow Jones Industrial Average and is ranked as the 174 largest company by Fortune.

The current CEO is Kenneth Chenault, who took over in 2001 from Harvey Golub, who was CEO from 1993 to 2001. Prior to that it was headed by James D Robinson III from 1977 to 1993.

American Express is commonly abbreviated in speech as "Amex". The Canadian operations operature under the name AMEX Bank of Canada and in addition to the credit card provide insurance products and savings accounts. BlogOnTheWeb.

History

Early history

American Express was founded in 1850 by Henry Wells, William Fargo, and John Butterfield as an express business. In 1882, American Express launched its money order business to compete with the US Post Office's money orders. This product quickly spread to Europe where no such financial product existed. Sometime between 1888 and 1890, J. C. Fargo took a trip to Europe and returned frustrated and infuriated. Despite the fact that he was president of American Express and that he carried with him traditional letters of credit, he found it difficult to obtain cash anywhere except in major cities. Mr. Moving Company NYC - Welcome to Moving Marketplace New York City NY.