Warren Buffett is one of the most recognizable investors on the planet, thanks to his uncanny ability to consistently outperform the broader markets. American Express, Berkshire Hathaway's second-largest stock holding, embodies the core values of Buffett's value-oriented investing philosophy.
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The stock market has now priced in the interest rate cut narrative. Investors can point to this idea by watching how the S&P 500 has gone from an uptrend market to a channeling—or even bracketing—market around a support and resistance area.
Warren Buffet has owned American Express for many years. It is currently the third-largest position in his portfolio.
American Express' unique business model helps it generate consistently strong earnings growth. The company's focus on premium consumers means it has low delinquency rates.
Part of Berkshire Hathaway (NYSE: BRK.A) CEO Warren Buffett's success is his ability to identify stocks with long-term growth potential.
Part of Berkshire Hathaway (NYSE: BRK.A) CEO Warren Buffett's success is his ability to identify stocks with long-term growth potential.
Buffett loves economic moats, and this company has one thanks to its powerful brand. At its current price-to-earnings ratio, the stock is expensive relative to recent history.
American Express Company (NYSE:AXP ) 25th Annual Scotiabank Financials Summit 2024 Conference September 4, 2024 11:50 AM ET Company Participants Anna Marrs - Group President of Global Commercial Services and Credit & Fraud Risk Unidentified Company Representative So, I'm delighted to start our keynote presentation of the day. It's really a pleasure to call to the stage Anna Marrs, Group President, Global Commercial Services and Credit and Fraud Risk at American Express.
The past few weeks have seen extreme volatility in the market and the earnings season is usually a highly volatile period.
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AXP continues to benefit from new card acquisitions, fee growth and improved net interest income.