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

Throughout the 1980s, Amex purchased the brokerage industry, getting what ended up being, in increments, Shearson Lehman Hutton and then divesting these into what ended up being Smith Barney Shearson (owned by Primerica) and a restored 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 company had 114. 4 million cards in force, consisting of 54. 7 million cards in force in the United States, each with an average yearly spending of $19,972. In 2017, called American Express as the 23rd most valuable brand name worldwide (and the greatest within financial services), approximating the brand name to be worth US$ 24.

In 2020, publication ranked American Express at number 9 on their Fortune List of the Top 100 Companies to Work For in 2020 based on a worker survey of complete satisfaction. Early history [modify] American Express Co. early shipping invoices (1853, 1869) Share of the American Express Business, 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 business owned by Henry Wells (Wells & Business), William G. Fargo (Livingston, Fargo & Company), and John Warren Butterfield (Wells, Butterfield & Company, the successor earlier in 1850 of Butterfield, Wasson & Company). Wells and Fargo likewise began Wells Fargo & Co. in 1852 when Butterfield and other directors objected to the proposition that American Express extend its operations to California.

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For several years it delighted in a virtual monopoly on the motion of express deliveries (items, securities, currency, etc) throughout New york city 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 retain through two buildings. American Express buildings [modify] In 1854, the American Express Co.