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Jan 29, 2023 · American Express, one of the world's top credit card companies, has also long been a favorite of Berkshire Hathaway CEO Warren Buffett.
- 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 ...
May 5, 2023 · American Express CEO Stephen Squeri now has a direct line to legendary investor and No. 1 AmEx shareholder Warren Buffett — and all the business magic that comes with it. It's something...
- 3 min
- Brian Sozzi
Jul 13, 2023 · American Express helped pioneer the change to traveling without cash. At Buffett’s purchase, American Express operated in ten different segments. The segments, from largest to smallest in scale, were: Traveler’s cheques Money orders Utility bills Travel Credit cards Commercial banking Foreign remittances Freight Wells Fargo/Hertz Warehousing
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The rise could prompt an accounting change by Warren Buffett's conglomerate -- one that would boost annual profits by more than $1 billion.
Oct 17, 2017 · Here's a rundown of the numbers behind Berkshire's American Express investment, and why Warren Buffett likes the company so much.
Jun 17, 2013 · It's no secret that Warren Buffett is one of the best investors of all time, and it's also no secret that Buffett has been increasing his share count in American Express (NYSE:AXP).
