American Express : Latest 8-K

Section 1: 8-K (FORM 8-K OF AMERICAN EXPRESS COMPANY)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 17, 2019

AMERICAN EXPRESS COMPANY

(Exact name of registrant as specified in its charter)

New York	1-7657	13-4922250
(State or other jurisdiction	(Commission File Number)	(IRS Employer Identification No.)
of incorporation or organization)
10285
(Zip Code)

200 Vesey Street

New York, New York (Address of principal executive offices)

Registrant's telephone number, including area code: [phone]

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

• ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

• ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

• ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition and Item 7.01 Regulation FD Disclosure

The following information is furnished under Item 2.02 - Results of Operations and Financial Condition and Item 7.01 - Regulation FD Disclosure:

On January 17, 2019, American Express Company (the "Company") issued a press release regarding its financial results for the fourth quarter and full year of 2018. A copy of such press release is attached to this report as Exhibit 99.1. The Company also made available additional information relating to the financial results for the fourth quarter and full year of 2018. Such additional financial information is attached to this report as Exhibit 99.2.

Exhibit	Description
99.1	Press Release, dated January 17, 2019, of American Express Company regarding its financial results for the fourth quarter and full year of
2018.
99.2	Additional information relating to the financial results of American Express Company for the fourth quarter and full year of 2018.
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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

AMERICAN EXPRESS COMPANY

(REGISTRANT)

By: /s/ Tangela S. Richter

Name: Tangela S. Richter

Title: Corporate Secretary

Date: January 17, 2019

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Section 2: EX-99.1 (EXHIBIT 99.1 OF AMERICAN EXPRESS COMPANY)

EXHIBIT 99.1

News ReleaseNews ReleaseNews ReleaseNews Release

FOR IMMEDIATE RELEASE

Media Contacts:

Marina H. Norville,[e-mail], +1.212.640.2832

Amelia T. Woltering,[e-mail], +1.212.640.7034

Investors/Analysts Contacts:

Edmund Reese,[e-mail], +1.212.640.5574

Shreya Patel,[e-mail], +1.212.640.5574

AMERICAN EXPRESS REPORTS FOURTH QUARTER EARNINGS PER SHARE OF $2.32

AND FULL YEAR EPS OF $7.91

STRONG 2018 REVENUE GROWTH REFLECTS HIGHER CARD MEMBER SPENDING, LOANS AND CARD FEES

(Millions, except percentages and per share amounts)

Quarters Ended December 31,

Years Ended December 31,

2018

2017

Percentage Inc/(Dec)

Percentage Inc/(Dec)

2018

2017

Total Revenues Net of Interest Expense $

Net Income (Loss)

$

10,474$ 2,010$

9,707 (1,206)

• 8$

• #$

  40,338$ 6,921$

  36,878 2,748

  9 #

  Earnings (Loss) Per Common Share - Diluted:

  Net Income (Loss) Attributable to Common Shareholders1

  $

  Average Diluted Common Shares Outstanding # - Denotes a variance of 100 percent or more.

  2.32$ 852

  (1.42)865

• #$ (2)

7.91$ 859

2.99886

#

(3)

New York - January 17, 2019 - American Express Company (NYSE: AXP) today reported fourth-quarter net income of $2.0 billion, or $2.32 per share, compared with a net loss of $1.2 billion, or $1.42 per share, a year ago.

__________

1

Represents net income less (i) earnings allocated to participating share awards of $16 million and $2 million for the three months ended December 31, 2018 and 2017, respectively, and $54 million and $21 million for the years ended December 31, 2018 and 2017, respectively, and (ii) dividends on preferred shares of $19 million and $20 million for the three months ended December 31, 2018 and 2017 respectively, and $80 million and $81 million for the years ended December 31, 2018 and 2017, respectively.

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