NYSE:AXPConsumer Finance
American Express Raises Over US$3.5b To Fund Premium Card Expansion
American Express completed several large fixed income offerings totaling over $3.5b in recent days.
The capital raise coincides with a company focus on premium card growth and a shift in marketing toward higher end and younger customers.
Leadership is emphasizing long term premium positioning while seeking to attract younger, high spend clients.
American Express (NYSE: AXP) is currently trading at $349.63, with the share price up 11.9% over the past year and 193.2% over the past five years...