Warren Buffett's Berkshire Hathaway (BRK.A -0.04%) (BRK.B -0.15%) owns around $40 billion worth of American Express (AXP -0.56%) stock. American Express' market cap is around $220 billion, so Buffett is a very big shareholder.
Does American Express (AXP) have what it takes to be a top stock pick for momentum investors? Let's find out.
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There is a big difference, a massive one, between buying shares of stock as investors attempt to profit from their rising prices and seeking exposure to this underlying move by applying leverage. The most common form of leverage retail traders implement in their portfolios is margin, or borrowing money from their brokerages, which is often not the greatest choice.
Investors often turn to Warren Buffett-led Berkshire Hathaway (BRK.A 0.75%) (BRK.B 0.73%) for insight on market gyrations and top stocks to buy now.
Concerns over price pressures are growing ahead of next week's Fed meeting.
AXP anticipates revenues to increase between 8% and 10% in 2025.
The card giant has set a high bar for growth, but there is rising uncertainty about 2025.
Young consumers are keeping credit card spending buoyant, especially for American Express, which saw millennials and members of Generation Z increase their spending by double digits year over year in the fourth quarter. American Express earnings results released Friday (Jan.
American Express Company (NYSE:AXP ) Q4 2024 Earnings Conference Call January 24, 2025 8:30 AM ET Company Participants Kartik Ramachandran - Head of Investor Relations Stephen Squeri - Chairman and Chief Executive Officer Christophe Le Caillec - Chief Financial Officer Conference Call Participants Ryan Nash - Goldman Sachs Sanjay Sakhrani - KBW Erika Najarian - UBS Mark DeVries - Deutsche Bank Craig Maurer - FT Partners Donald Fandetti - Wells Fargo Richard Shane - JPMorgan Jeffrey Adelson - Morgan Stanley Cristopher Kennedy - William Blair Moshe Orenbuch - TD Cowen Brian Foran - Truist Saul Martinez - HSBC Terry Ma - Barclays Mihir Bhatia - Bank of America Operator Ladies and gentlemen, thank you for standing by. Welcome to the American Express Q4 2024 Earnings Call.
It's been a sublimely successful shortened week of trading in the stock market this week. The S&P 500 just notched a new all-time closing high Thursday afternoon.
Although the revenue and EPS for American Express (AXP) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.