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86 - American Express

American Express Co. chip credit cards are arranged for a photograph in Washington, D.C., U.S., on Monday, Oct. 24, 2016. American Express surged the most in more than seven years after posting third-quarter profit that beat analysts' estimates and raising its full-year profit forecast. Photographer: Andrew Harrer/Bloomberg via Getty Images Andrew Harrer — Bloomberg via Getty Images

One of the most storied brands in the financial services industry, American Express fell on hard times of late. In 2015, the company announced that it would end its 16-year exclusive relationship with mega-retailer Costco, a big hit considering 1 in 10 Amex cards were issued by the wholesaler. The firm also reduced its prices to small merchants and beefed up the rewards it offers its customers to hold its own in a highly competitive credit card landscape. Nonetheless, American Express has been able to rebound. Its adjusted revenues (excluding Costco and foreign exchange) were up 5% in 2016, grew worldwide spending on its cards by 8%, and added more than a million new merchant locations in the U.S. in a bid to compete more aggressively with Visa and MasterCard.

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Key Metrics & Financials (Last Fiscal Year)

Revenues ($M)$33823
Revenue Percent Change-1.8%
Profits ($M)$5,408.0
Profits Percent Change4.7%
Assets ($M)$158893
Market Value — as of March 31, 2017 ($M)$71,193
Employees56,400
Previous Rank85

Company Facts

Employees56,400
SectorFinancials
IndustryDiversified Financials
HQ LocationNew York, NY
CEOKenneth I. Chenault
CEO Title-
Websitewww.americanexpress.com
Years on Fortune 500 List23

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