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 American Express Company AXP said today that the Board of 
 Governors of the Federal Reserve System did not object to its adjusted 
 capital plan submitted as part of the 2017 Comprehensive Capital 
 Analysis and Review (CCAR). The plan included:
 
 <ul xmlns="http://www.w3.org/1999/xhtml">
 <li xmlns="http://www.w3.org/1999/xhtml" class="bwlistitemmargb">
 Increasing the Company's quarterly dividend to 35 cents per share 
 beginning with the third quarter 2017 dividend declaration, subject to 
 approval by the Company's board of directors;
 </li>
 <li xmlns="http://www.w3.org/1999/xhtml" class="bwlistitemmargb">
 Repurchasing up to $4.4 billion of common shares during the CCAR 
 approval period of Q3'17 to Q2'18. This compares to an authorization 
 of $3.3 billion for the same period twelve months earlier. This new 
 authorization enables the Company to repurchase up to $4.3 billion of 
 common shares in calendar year 2017, and up to an additional $1.7 
 billion in the first half of 2018.
 </li>
 </ul>
 
 The timing and amount of common shares purchased under the Company's 
 authorized capital plans will depend on various factors, including the 
 Company's business plans, financial performance and market conditions. 
 Repurchase of common shares will be pursuant to the share repurchase 
 program previously authorized by the Company's board of directors on 
 September 26, 2016.
 
 
 As required under the Dodd-Frank Wall Street Reform and Consumer 
 Protection Act, the Company has also published on June 22, 2017 a 
 summary of the results of the Company-run stress tests performed under 
 the Federal Reserve's severely adverse scenario. These disclosures do 
 not reflect the capital plan described above, but reflect certain 
 assumptions and capital actions as required under the Federal Reserve's 
 rules.
 
 
 The results are available on the Company's Investor Relations site at <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fir.americanexpress.com%2F&amp;esheet=51581851&amp;newsitemid=20170628006420&amp;lan=en-US&amp;anchor=ir.americanexpress.com&amp;index=1&amp;md5=642b8d85744732c4a5487e62f7b31b13" rel="nofollow" rel="nofollow">ir.americanexpress.com</a>.
 
 
 About American Express
 
 
 American Express is a global services company, providing customers with 
 access to products, insights and experiences that enrich lives and build 
 business success. Learn more at <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.americanexpress.com&amp;esheet=51581851&amp;newsitemid=20170628006420&amp;lan=en-US&amp;anchor=americanexpress.com&amp;index=2&amp;md5=cb271c1ecc4d8df511ce60d9dfe648f5" rel="nofollow" rel="nofollow">americanexpress.com</a>, 
 and connect with us on <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.facebook.com%2Famericanexpress&amp;esheet=51581851&amp;newsitemid=20170628006420&amp;lan=en-US&amp;anchor=facebook.com%2Famericanexpress&amp;index=3&amp;md5=87e3b934bf92703fab3c26325b3607af" rel="nofollow" rel="nofollow">facebook.com/americanexpress</a>, 
 <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.instagram.com%2Famericanexpress%2F&amp;esheet=51581851&amp;newsitemid=20170628006420&amp;lan=en-US&amp;anchor=instagram.com%2Famericanexpress&amp;index=4&amp;md5=502e2fcfee657c343ea4921b77f82cd7" rel="nofollow" rel="nofollow">instagram.com/americanexpress</a>, 
 <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.linkedin.com%2Fcompany%2Famerican-express&amp;esheet=51581851&amp;newsitemid=20170628006420&amp;lan=en-US&amp;anchor=linkedin.com%2Fcompany%2Famerican-express&amp;index=5&amp;md5=0fedbc15ddd53c80c3da0bf15f324ce9" rel="nofollow" rel="nofollow">linkedin.com/company/american-express</a>, 
 <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Ftwitter.com%2Famericanexpress&amp;esheet=51581851&amp;newsitemid=20170628006420&amp;lan=en-US&amp;anchor=twitter.com%2Famericanexpress&amp;index=6&amp;md5=eab4346ade84ee3715c346ff548c9f91" rel="nofollow" rel="nofollow">twitter.com/americanexpress</a>, 
 and <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.youtube.com%2Famericanexpress&amp;esheet=51581851&amp;newsitemid=20170628006420&amp;lan=en-US&amp;anchor=youtube.com%2Famericanexpress&amp;index=7&amp;md5=a467803e8c3346b1f3171519b2499e9c" rel="nofollow" rel="nofollow">youtube.com/americanexpress</a>.
 
 
 Key links to products, services and corporate responsibility 
 information: <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww304.americanexpress.com%2Fcredit-card%3Fextlink%3Ddw-us-pr-bp&amp;esheet=51581851&amp;newsitemid=20170628006420&amp;lan=en-US&amp;anchor=charge+and+credit+cards&amp;index=8&amp;md5=5032ff4033abeeff523ab7991d600a45" rel="nofollow" rel="nofollow">charge 
 and credit cards</a>, <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.americanexpress.com%2Fus%2Fsmall-business%2Fcredit-cards%2F&amp;esheet=51581851&amp;newsitemid=20170628006420&amp;lan=en-US&amp;anchor=business+credit+cards&amp;index=9&amp;md5=205b7c479b67a56f9c27d825c0826666" rel="nofollow" rel="nofollow">business 
 credit cards</a>, <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.plenti.com%2F&amp;esheet=51581851&amp;newsitemid=20170628006420&amp;lan=en-US&amp;anchor=Plenti+rewards+program&amp;index=10&amp;md5=76694c61f6c2212b8817ded8d936f850" rel="nofollow" rel="nofollow">Plenti 
 rewards program</a>, <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Ftravel.americanexpress.com%2Fhome%3Fextlink%3Ddw-us-pr-bp&amp;esheet=51581851&amp;newsitemid=20170628006420&amp;lan=en-US&amp;anchor=travel+services&amp;index=11&amp;md5=b85dc0fb60f79eb7f3629df50e446d12" rel="nofollow" rel="nofollow">travel 
 services</a>, <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.americanexpress.com%2Fgift-cards%2F%3Fextlink%3Ddw-us-pr-bp&amp;esheet=51581851&amp;newsitemid=20170628006420&amp;lan=en-US&amp;anchor=gift+cards&amp;index=12&amp;md5=65cd61aa8f3ba1dab1b56368b32c5b27" rel="nofollow" rel="nofollow">gift 
 cards</a>, <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.americanexpress.com%2Fus%2Fcontent%2Fprepaid%2Freloadable-cards.html&amp;esheet=51581851&amp;newsitemid=20170628006420&amp;lan=en-US&amp;anchor=prepaid+cards&amp;index=13&amp;md5=2a0f8c1ed430048941f27d87a3c3461b" rel="nofollow" rel="nofollow">prepaid 
 cards</a>, <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww209.americanexpress.com%2Fmerchant%2Fmarketing-data%2Fpages%2Fhome%3Fextlink%3Ddw-us-pr-bp&amp;esheet=51581851&amp;newsitemid=20170628006420&amp;lan=en-US&amp;anchor=merchant+services&amp;index=14&amp;md5=41c9a2b434a287d11add58ceb7ac6baa" rel="nofollow" rel="nofollow">merchant 
 services</a>, <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.accertify.com%2F&amp;esheet=51581851&amp;newsitemid=20170628006420&amp;lan=en-US&amp;anchor=Accertify&amp;index=15&amp;md5=5fef4e80b7a8dcd0621c802d27f7eb5e" rel="nofollow" rel="nofollow">Accertify</a>, 
 <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fbusiness.americanexpress.com%2Fus%3Fextlink%3Ddw-us-pr-bp&amp;esheet=51581851&amp;newsitemid=20170628006420&amp;lan=en-US&amp;anchor=corporate+card&amp;index=16&amp;md5=d835804330b81dd8913171543fb23cac" rel="nofollow" rel="nofollow">corporate 
 card</a>, <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fbusinesstravel.americanexpress.com%2F%3Fextlink%3Ddw-us-pr-bp&amp;esheet=51581851&amp;newsitemid=20170628006420&amp;lan=en-US&amp;anchor=business+travel&amp;index=17&amp;md5=86514cd420a7408f88d5dd99ad96c7fc" rel="nofollow" rel="nofollow">business 
 travel</a>, and <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fabout.americanexpress.com%2Fcsr%2F%3Finav%3Dabout_CorpResponsibility&amp;esheet=51581851&amp;newsitemid=20170628006420&amp;lan=en-US&amp;anchor=corporate+responsibility&amp;index=18&amp;md5=227e2dd37f1911a16b26dc6b4aa8507c" rel="nofollow" rel="nofollow">corporate 
 responsibility</a>.
 
 
 This release includes forward-looking statements within the meaning of 
 the Private Securities Litigation Reform Act of 1995. These statements 
 are based on the Company's expected business and financial performance 
 and are subject to risks and uncertainties. Actual results may differ 
 from those set forth in the forward-looking statements due to a variety 
 of factors, including those contained in the Company&#39;s Annual Report on 
 Form 10-K for the year ended December 31, 2016, the Company's Quarterly 
 Report on Form 10-Q for the quarter ended March 31, 2017 and the 
 Company's other filings with the Securities and Exchange Commission. 
 Readers are cautioned not to place undue reliance on these 
 forward-looking statements, which speak only as of the date on which 
 they are made. The Company undertakes no obligation to update or revise 
 any forward-looking statements.
 
 
 
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