AXP - American Express: Near All-Time High Heading Into Q4 Earnings Report But Still Undervalued
2024-01-25 14:45:00 ET
Summary
- Warren Buffett endorses American Express as an iconic American company with a strong brand and deep trust from wealthy US consumers.
- American Express has successfully handled the transfer of wealth and demographic advancement of multiple American generations.
- The firm is undervalued and has upside potential, with a strong balance sheet, dividend coverage, and a preferred client base.
American Express: Near All-Time High Heading Into Q4 Earnings Report, But Still UndervaluedYou can't create another American Express. I could create another shoe store. I could create another business publication. I could do all kinds of things with hundreds of billions of dollars. But I can't put in the minds of people what is in their minds about American Express. - Warren Buffett