AmEx (AXP) makes Amex HK mobile app attractive with benefits

American Express company AXP recently introduced an exclusive benefit for its cardholders by providing “Amex Offers” on the Amex HK mobile app. The profitable and diverse set of benefits has already been used by cardholders since September 1, 2022.

Shares of American Express lost 1.2% on September 20, replicating a decline in broader markets.

The offers available on the Amex HK mobile app are applicable to cardholder daily expenses in various groups, such as food and drink, fashion, beauty and lifestyle. Benefits can be collected as spending rewards when shopping from select merchants such as Arome Bakery, BERACAMY, MADIA and Ralph Lauren rl In addition, the offers are conveniently accessible from your mobile phone.

All American Express cardholders simply log into their Amex HK mobile app accounts and select the desired “Amex Offers”. The offers are then saved to the respective eligible American Express cards.

This latest move to launch offers on a mobile app also seems suitably timed by American Express as the global economy is witnessing the growing adoption of digital media spurred by greater use of smartphones and greater Internet penetration.

As mobile phones have become an integral part of our lives and are useful, cardholders will be updated on the latest Amex offers via the mobile app.

American Express often resorts to enhancing benefits or incorporating new options into its card offerings, thereby meeting the evolving needs of a global consumer and business customer base. The latest move testifies to a similar effort.

With the card issuance business remaining an important source of revenue for AXP, initiatives to upgrade the card offering should continue to contribute to the growth of AXP’s top-line. American Express also constantly focuses on technology upgrades and the introduction of secure digital payment options to meet the growing adoption of digital media.

Shares of American Express were down 6.2% year-to-date compared to the industry’s decline of 18.9%.

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Zacks ranking and key choices

American Express currently has a Zacks Rank # 3 (Hold). Some of the best-ranked stocks in the financial space are Blackstone Mortgage Trust, Inc. BXMT And Residential equity EQR. While Blackstone Mortgage currently flaunts a Zacks Rank No. 1 (strong buy), Equity Residential currently has a Zacks Rank No. 2 (purchase). you can see The full list of Zacks # 1 Rank shares today here.

Blackstone Mortgage’s bottom line has exceeded estimates in three of the past four quarters and missed the mark once, the average surprise being 8.92%. Zacks’ consensus estimate for BXMT’s 2022 earnings suggests a 1.2% improvement, while the same for revenue suggests 13.9% growth from their respective figures reported a year ago. The consensus sign for BXMT’s 2022 earnings has moved 4.7% north over the past 60 days.

Equity Residential’s earnings topped estimates in three of the final four quarters and missed the mark once, averaging 1.53%. The Zacks consensus estimate for the EQR’s 2022 earnings suggests an improvement of 17.4%, while the same for revenues suggests an 11.1% growth compared to the corresponding figures reported last year. The consensus score for EQR’s 2022 earnings has moved 0.3% north over the past 30 days.

Shares of Blackstone Mortgage and Equity Residential lost 5.6% and 22.4%, respectively, year to date.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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