AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
Warren Buffett's Berkshire Hathaway owns nearly $58 billion in American Express, making it their second-biggest stock holding. The company has held this position since 2006, demonstrating long-term confidence in the credit card giant. AmEx caters to affluent consumers, with third-quarter revenue growth accelerating to 11% and consumer spending increasing 9% during the Thanksgiving holiday weekend. Shares are trading above their consensus target price, but investors may want to wait for a better price in the near future.

Daily stocks & crypto headlines, free to your inbox
Comments
No comments yet