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American international monetary services corporation The American Express Business (Am, Ex) is a international financial services corporation headquartered at 200 Vesey Street in the Battery Park City neighborhood of Lower Manhattan in New York City. The business was established in 1850 and is one of the 30 elements of the Dow Jones Industrial Average.

During the 1980s, Amex bought the brokerage industry, acquiring what became, in increments, Shearson Lehman Hutton and after that divesting these into what ended up being Smith Barney Shearson (owned by Primerica) and a revived Lehman Brothers. By 2008 neither the Shearson nor the Lehman name existed. In 2016, charge card using the American Express network accounted for 22.

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As of December 31, 2019, the business had 114. 4 million cards in force, consisting of 54. 7 million cards in force in the United States, each with an average annual spending of $19,972. In 2017, called American Express as the 23rd most important brand name in the world (and the greatest within financial services), approximating the brand to be worth US$ 24.

In 2020, magazine ranked American Express at number 9 on their Fortune List of the Top 100 Companies to Work For in 2020 based on an employee survey of fulfillment. Early history [modify] American Express Co. early shipping invoices (1853, 1869) Share of the American Express Company, released 13. This Is Cool ; signed by William G.

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It was founded as a joint-stock corporation by the merger of the express companies owned by Henry Wells (Wells & Company), William G. Fargo (Livingston, Fargo & Business), and John Warren Butterfield (Wells, Butterfield & Business, the successor previously in 1850 of Butterfield, Wasson & Business). Wells and Fargo likewise started Wells Fargo & Co. in 1852 when Butterfield and other directors objected to the proposition that American Express extend its operations to California.

For several years it delighted in a virtual monopoly on the motion of express deliveries (goods, securities, currency, etc) throughout New York State. In 1874, American Express moved its headquarters to 65 Broadway in what was ending up being the Financial District of Manhattan, an area it was to keep through two buildings. American Express structures [modify] In 1854, the American Express Co.