ExpressNYSE: EXPR

American Express recently acquired yet another restaurant booking platform. The company, which already owns Resy, offers its cardmembers exclusive reservations benefits.

Intermex partnered with Félix Pago, FXC Intelligence, and PickTrace to enhance its services and expand its market, crucial amid rising US immigration for sustained growth. Significant 59.1% YoY growth in digital transactions vs. 11.7% in total transfers, indicating strong potential for long-term profitability and efficiency gains through digital channels. Trading at ~35% discount to intrinsic value; potential growth despite Mexican market slowdown. Stricter US immigration controls could boost remittances, benefiting Intermex.

AXP experienced strong growth in Q1 2024, with revenue up 11% and EPS up 39%. AXP has a reasonable valuation compared to growth prospects, with room for dividend growth. Initiating coverage with a buy based on American Express' healthy financials, strong management team, and innovation. However, near-term volatility is possible due to approaching all-time highs.

American Express' stock (NYSE: AXP) has gained 23% YTD, compared to the 15% rise in the S&P500 over the same period. In sharp contrast, American Express' peer Capital One (NYSE: COF) was up just 5% YTD.

American Express is buying Squarespace-owned restaurant booking platform Tock for $400 million to expand its foothold in the dining industry, a category that accounted for $100 billion in spending on its cards last year.

American Express has announced agreements to acquire two technology providers — Tock and Rooam — to expand its suite of digital tools for restaurants and merchants. Both transactions are subject to customary closing conditions, and the Tock acquisition also requires regulatory approval, American Express said in a Friday (June 21) press release.

NEW YORK--(BUSINESS WIRE)--American Express (NYSE: AXP) today announced an agreement to acquire Tock, a reservation, table, and event management technology provider, from Squarespace (NYSE: SQSP), the design-driven platform helping entrepreneurs build brands and businesses online. The Company also announced an agreement to acquire Rooam, a technology company that powers mobile payments, ordering and integrations with point of sale, marketing and loyalty systems used by restaurants and entertain.

NEW YORK--(BUSINESS WIRE)--American Express Company (NYSE: AXP) plans to host a live audio webcast of its earnings conference call at 8:30 a.m. (ET) on Friday, July 19, 2024, to discuss second-quarter 2024 financial results. The webcast will be accessible to the general public through the American Express Investor Relations website at https://ir.americanexpress.com/. The financial results and presentation materials are scheduled to be released and posted on the website at approximately 7 a.m. (.

NEW YORK — A U.S. bankruptcy judge has approved the sale of the majority of Express Inc.'s operations to a consortium led by brand acquisition and management firm WHP Global — providing a lifeline to the struggling retailer and its hundreds of remaining stores.