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Berkshire Hathaway, the conglomerate headed by Warren Buffett, holds numerous stocks in its enormous investment portfolio. The third largest holding, American Express (NYSE: AXP), has been a choice for the legendary investor for decades. American Express is a unique business in that it combines a credit card payments network with the best aspects of a traditional bank.
Approximately $266 billion of Berkshire Hathaway's $347 billion investment portfolio is tied up in a handful of brand-name companies.
American Express (AXP) closed at $171.55 in the latest trading session, marking a -0.16% move from the prior day.
Today's Research Daily features new research reports on 16 major stocks, including Cisco Systems, Inc. (CSCO), Toyota Motor Corporation (TM) and Verizon Communications Inc. (VZ).
In the last year, many American Express Company ( NYSE:AXP ) insiders sold a substantial stake in the company which may...
How would you like to get a $20 discount on a hotel this summer? Find out how to earn a $20 statement credit on a hotel stay through Amex Offers.
American Express (AXP) closed at $167.43 in the latest trading session, marking a -0.67% move from the prior day.
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Shares of many bank stocks moved higher today as Congress passed the debt ceiling bill last night and the market reacted positively to the May jobs report released this morning. Shares of the credit card and payments company American Express (NYSE: AXP) traded roughly 4% higher as of 12:32 p.m. ET today. Meanwhile, shares of PacWest Bancorp (NASDAQ: PACW) traded nearly 14% higher, while shares of KeyCorp (NYSE: KEY) were up about 6%.
American Express (NYSE: AXP) has been posting solid results of late, but investors are worried about how long that can last if the economy slows ahead. AmEx, a financial services company historically known primarily for catering to the rich, has done a good job in recent years expanding its reach to a broader slice of the market and growing profits in the process. The Federal Reserve's aggressive moves to push interest rates higher threatens to slow economic growth and make it harder for consumers to pay their bills.
It's been a tough year for American Express (NYSE: AXP) investors. While the S&P 500 has gained more than 8% since the end of 2022, shares of the credit card company are up an anemic 2.3% thanks to a sizable sell-off from February's peak. Just don't come to any sweeping, long-term conclusions about American Express based on the stock's short-term performance.
By buying an index fund, investors can approximate the average market return. But many of us dare to dream of bigger...
American Express (NYSE: AXP) saw its share price rise today, as it was up 3.7% as of 12:20 p.m. ET on Friday. The primary catalyst on Friday for the credit card provider was favorable comments from a major stock market analyst. Morgan Stanley's Betsy Graseck reiterated her $188 per-share price target for the investment banking firm in a research note on Friday and maintained an overweight rating.
In the Oracle of Omaha's view, diversification is only necessary if you don't know what you're doing.
Anna Marrs, American Express Group President of Global Commercial Services and Credit & Fraud Risk, joins Yahoo Finance Live to discuss how the market is impacting small business lending.
American Express Company's ( NYSE:AXP ) dividend will be increasing from last year's payment of the same period to...
Consumers trust American Express more than any other credit card company. Find out why and see if you should get one of its credit cards.
Higher loan volumes are likely to keep boosting American Express' (AXP) U.S. Consumer Services segment.
NEW YORK, May 17, 2023--American Express Company (NYSE: AXP) Chairman and Chief Executive Officer Stephen J. Squeri will participate in the Bernstein 39th Annual Strategic Decisions Conference on Thursday, June 1, at 11 a.m. Eastern. Mr. Squeri will participate in a fireside chat relating to the Company’s business strategy and financial performance.
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Two Berkshire Hathaway holdings are solid long-term holdings, while another Buffett favorite should be avoided in the short term.
Dividend stocks are always valuable for an investing portfolio, since they provide income regardless of what happens to the stock price. For great dividend stocks with high yields, cheap prices, and reliable performance, I recommend Home Depot (NYSE: HD), Williams-Sonoma (NYSE: WSM), and American Express (NYSE: AXP).
Key Insights Significantly high institutional ownership implies American Express' stock price is sensitive to their...
Owl Rock Capital (ORCC) Q1 results reflect record high net investment income on the back of increased portfolio average yield, partially offset by an increase in operating expenses.