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

During the 1980s, Amex purchased the brokerage market, getting what became, in increments, Shearson Lehman Hutton and after that divesting these into what became Smith Barney Shearson (owned by Primerica) and a revived Lehman Brothers. By  Did you see this?  neither the Shearson nor the Lehman name existed. In 2016, charge card utilizing 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 costs of $19,972. In 2017, named American Express as the 23rd most important brand name worldwide (and the highest within monetary services), estimating the brand to be worth US$ 24.

In 2020, publication ranked American Express at number 9 on their Fortune List of the Leading 100 Business to Work For in 2020 based on an employee survey of satisfaction. Early history [edit] American Express Co. early shipping invoices (1853, 1869) Share of the American Express Business, released 13. October 1865; 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 follower earlier in 1850 of Butterfield, Wasson & Business). Wells and Fargo also 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 many years it delighted in a virtual monopoly on the motion of express shipments (items, securities, currency, and so on) throughout New york city State. In 1874, American Express moved its head office to 65 Broadway in what was ending up being the Financial District of Manhattan, an area it was to retain through 2 buildings. American Express structures [edit] In 1854, the American Express Co.