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MarketScreener Homepage  >  Equities  >  Nyse  >  American Express Company    AXP

AMERICAN EXPRESS COMPANY

(AXP)
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American Express : to Buy Online Small-Business Lender Kabbage

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08/17/2020 | 01:10pm EDT

By Colin Kellaher

 

American Express Co. on Monday said it agreed to buy substantially all of online small-business lending platform Kabbage Inc. for an undisclosed amount.

The New York financial-services company said the deal expands its digital cash-flow-management offerings for small businesses.

Barron's earlier this month reported that Kabbage was weighing a sale, and that a person familiar with the matter said the fintech startup could sell for $750 million to $1 billion.

American Express said it will acquire Kabbage's team and its suite of financial-technology products, data platform and IP built for small businesses. The Atlanta firm's pre-existing loan portfolio isn't included in the agreement.

American Express said it expects to complete the acquisition later this year.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 


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Financials (USD)
Sales 2020 36 164 M - -
Net income 2020 2 695 M - -
Net Debt 2020 - - -
P/E ratio 2020 27,0x
Yield 2020 1,89%
Capitalization 73 330 M 73 330 M -
Capi. / Sales 2020 2,03x
Capi. / Sales 2021 1,83x
Nbr of Employees 64 000
Free-Float 99,9%
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Technical analysis trends AMERICAN EXPRESS COMPANY
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 27
Average target price 107,38 $
Last Close Price 91,07 $
Spread / Highest target 42,7%
Spread / Average Target 17,9%
Spread / Lowest Target -3,37%
EPS Revisions
Managers
NameTitle
Stephen J. Squeri Chairman & Chief Executive Officer
Jeffrey C. Campbell Chief Financial Officer & Executive VP-Finance
Marc D. Gordon Chief Information Officer & Executive VP
Charlene Barshefsky Independent Director
Peter F. Chernin Independent Director
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