#AmericanExpress November 17
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Throughout November 2024, several of us are taking part in the 30-Day Dow Jones Coach4aday Challenge. Each day, we explore the history or learn about a company within the DJIA—a key economic and stock market indicator. Today’s post is on AMERICAN EXPRESS.
American Express goes by the stock symbol AXP. The company was founded in 1850 in Buffalo, New York, as an express mail and freight delivery service. It’s three founders were Henry Wells, William G. Fargo, and John Butterfield. In addition to American Express Wells and Fargo were part of the creation of Wells Fargo.
AXP joined the Dow Jones Industrial Average (DJIA). The business has been listed on the Dow since August 30, 1982, a span of 42 years. The stock was trading for under $3.00 a share when it debuted on the DJIA. On November 15, 2024, its price was $286.90. American Express has gone under 6 different stock splits since 1983.
Dow Jones 30-Day Challenge Guidelines
Like previous challenges there are no hard and fast rules to participate. There are a few suggested guidelines
- Each day in November 2024 write about the history or a company that makes up the Dow Jones.
- Share at least one fact about that company.
- If so inclined use the hash tag #Coach4adayChallenge on social media platforms
November 17th-American Express
There is a comprehensive timeline of AXP history from its inception to the present day. One interesting fact is that only 1867 did Ame Exp fail to pay a dividend to its shareholders. The expansion of the US Postal Service in 1874 really impacted its express mail and delivery service and it began to offer financial services in its product line.
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