American Express (AXP) volatility elevated into increase dividend, buy back $3.3B of shares

American Express (NYSE: AXP) July weekly call option implied volatility is at 60, July is at 26, August is at 27; compared to its 52- week range of 15 to 34 into announcing the Fed did not object to its capital plan submitted on April 5 as part of the 2016 Comprehensive Capital Analysis and Review. The plan included increasing the company's quarterly dividend to 32c per share beginning with the Q3 dividend declaration, subject to approval by the company's board of directors, repurchasing up to $3.3B of common shares during the CCAR approval period of Q3 to Q2 of 2017.

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