American Express
Gives out credit cards and helps people pay in stores and on trips.
📖 Its story
In 1850, Henry Wells, William Fargo and John Butterfield started American Express in Albany, New York. At first it was a delivery company that carried packages, money and valuable things. Over time it became a payments company, and in 1958 it launched its famous card.
💵 How it makes money
It charges stores a fee every time someone pays with its card, plus yearly fees and interest.
🤯 Fun fact
Wells and Fargo, two of its founders, later also created the bank Wells Fargo.
👍 The good part
Its customers tend to spend a lot and be very loyal to the brand.
⚠️ The risk
If the economy goes badly, people spend less and some have a hard time paying what they owe.
🧠 Did you get it?
What did American Express do when it started?
🗂️ Quick facts
- Founded in: 1850
- Founded by: Henry Wells, William Fargo and John Butterfield
- Home: New York, New York
🔎 How to find it on the stock market
- Search the internet for AXP stock.
- You can also find it in your parents' investing app with the letters AXP.
- Check how much one share costs and whether today it's green (went up) or red (went down).
🎮 Buy it in the game
Soon you'll be able to invest your Monis in American Express. Ask your mom or dad to join the list.
Join the list