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Jan 29, 2023 · Sun, Jan 29, 2023, 9:38 AM 6 min read. In this article: AXP. BRK-A. BRK-B. OXY. American Express ( AXP ), one of the world's top credit card companies, has also long been a favorite of...
- 4 min
- Tanya Kaushal
- American Express Has Superior Credit Quality
- American Express Has A Powerful Brand
- American Express Has Diverse Revenue Sources
Buffett knows the banking business quite well, which is why Berkshire has invested in so many bank stocks over the years. In fact, Berkshire actually bought a bank many decades ago called Illinois National Bank and Trust Company, which the conglomerate ran quite well during its time as the owner. Anyone who knows the business this well knows that t...
American Express has long had one of the most enviable brands in the industry. Buffett once told the company's CEO Stephen Squeri that "the most important thing about American Express is the brand and the customers that aspire to be associated with the brand." This is a big compliment coming from Buffett, who invests in stocks for this very reason....
Many credit card businesses rely solely on the net interest income they earn on credit card loans, which is essentially the difference between the monthly interest payments earned on loans and what it costs the company to fund those assets. Interest on credit cards is high, so if you can avoid significant losses, you can do pretty well -- but it's ...
Share to Linkedin. Photo Credit: Dennis Van Tine/STAR MAX/IPx. Warren Buffett is known as one of the most successful investors in history. From investments in Coca-Cola and American...
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Apr 21, 2024 · American Express (AXP) Coca-Cola (KO) Chevron (CVX) Occidental Petroleum (OXY) Kraft Heinz (KHC) Moody’s (MCO) Warren Buffett and the late Charlie Munger believed that diversification is...
- Gabriel Vito
Jan 30, 2023 · Within seven years, Buffett owned more than 50 million shares of the company. Berkshire Hathaway hasn't purchased any American Express stock since the late 1990s, but its stake in AmEx has continued to increase as a result of stock buybacks. Between 1998 and 2005, Berkshire's stake climbed from 11.2% to 12%.
Oct 17, 2017 · As of the latest available data, Berkshire Hathaway owns 151,610,700 shares of American Express, which represents a 17.2% stake in the company worth just under $14 billion. Why does Warren...
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related to: does warren buffett like american express commercialNew report reveals 5 stocks Warren Buffett may want to buy. They're set for monster gains. Free today: See 5 stocks set for huge gains. Inspired by Buffett's investing principles.
