AMERICAN EXPRESS CO — Form 8-K
Filed August 12, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 18/100
What the filing says
American Express issued 1,600,000 depositary shares (each representing 1/1,000th of a Series E preferred share) on August 12, 2026, at $990 per share to seven lead underwriters (Barclays, BofA, Citigroup, Deutsche Bank, Mizuho, RBC, Wells Fargo) plus nine syndicate members. Each preferred share carries a 6.450% fixed dividend and liquidation preference of $1,000,000 per share. Gross proceeds: approximately $1.584 billion.
Why this rating
Capital raise under 0.7% of market cap; routine preferred equity financing for large bank holding company with ample capital base.
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