American Express Stock News

History proves time and time again that long-term investing is one of the best ways to build wealth in the stock market. The key to achieving this is buying and holding shares of quality companies that can perform across economic and market cycles and allowing your investments to grow over time.

Warren Buffett once wrote, "The weeds wither away in significance as the flowers bloom." Weeds represented poor-performing stocks in a portfolio, while flowers represented winning stocks.

American Express' Q3'24 results showed strong revenue growth driven by increased card member spending, higher net interest income, and international market expansion, especially among Millennials and Gen-Z. The company's focus on premium products and effective risk management has maintained low write-off rates and strong credit quality, even in a challenging economic environment. Management's r...

Warren Buffett is one of the most famous investors in the world — and has been for decades. His reputation is well-deserved — the ‘Oracle of Omaha' has managed to outperform the markets in the long run — which is a rare feat indeed.

American Express (NYSE: AXP) stock remains up by about 55% over the past year, considerably outperforming the S&P 500 which remains up by about 23% this year. In comparison, peer Capital One (NYSE: COF) is up 33% year-to-date, while Visa and Mastercard stocks are up by about 22% and 23% respectively.

Warren Buffett appears to be on track to beat the S&P 500 again in 2024, but not by much. Berkshire Hathaway's shares are up year-to-date only around 3% more than the S&P.

It's that time of year again. I'm not referring to buying gifts and preparing holiday meals -- although that may be part of your agenda too.

Warren Buffett's decades of investing success has led many investors to try to follow in his footsteps. While there's no way to replicate the growth Berkshire Hathaway's portfolio has achieved under Buffett's longtime tenure as CEO, there are a handful of stocks the company owns that investors should consider buying.