If you invested $1,000 in American Express 10 years ago, here's how much you'd have now. (via CNBCMakeIt)
If you invested $1,000 in the financial institution 10 years ago, your investment would be worth more than $4,000 as of Feb. 18, for a total return of 301%, according to CNBC calculations. By comparison, in the same time frame, the S&P 500 had a total return of just over 275%. American Express' current share price
slightly above $129 on Monday, down more than 4% in morning trading amid growing fears of the economic effects of coronavirusWhile American Express' shares have done well over the years, past performance is no sign of future results.American Express, when it started as a freight shipping company. The company began introducing financial products and services and by the 1950s, Amex launched its first consumer charge card.
In 1966, it put forth a corporate card program for businesses, and in 1991, created its first loyalty program, now called Membership Rewards. The program serves to incentivize users with benefits and encourage member loyalty. Since then, American Express has continued to reiterate its financial offerings by introducing lines of debit and credit cards as well as banking services.
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