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

During the 1980s, Amex invested in the brokerage industry, acquiring what became, in increments, Shearson Lehman Hutton and then divesting these into what became 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 utilizing the American Express network represented 22.

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Since 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 yearly costs of $19,972. In 2017, named American Express as the 23rd most valuable brand name worldwide (and the greatest within monetary services), estimating the brand name to be worth US$ 24.

In 2020, magazine ranked American Express at number 9 on their Fortune List of the Top 100 Business to Work For in 2020 based on a worker survey of satisfaction. Check Here For More [modify] American Express Co. early shipping receipts (1853, 1869) Share of the American Express Company, provided 13. October 1865; signed by William G.

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It was established 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 & 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 challenged the proposal that American Express extend its operations to California.

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For several years it enjoyed a virtual monopoly on the motion of express deliveries (items, securities, currency, etc) throughout New York State. In 1874, American Express moved its head office to 65 Broadway in what was becoming the Financial District of Manhattan, a place it was to retain through 2 buildings. American Express buildings [edit] In 1854, the American Express Co.