AXP - Will This Warren Buffett Stock Crush the Market in 2024?
2024-01-30 05:45:00 ET
Warren Buffett loves to invest in storied American brands. Many investors know of his market-crushing investments in Apple and Coca-Cola, which have generated tens of billions in returns for Berkshire Hathaway . But he has another less-covered investment through Berkshire that has generated even better returns than Coca-Cola.
American Express (NYSE: AXP) , the credit card giant, has posted phenomenal returns since Buffett (through Berkshire) bought shares in 1991, and it is now one of the conglomerate's largest stock positions, worth over $20 billion. It has posted a total return of 6,400% since 1991, more than triple the returns of Coca-Cola over the same time period.
Despite some hiccups around 10 years ago, American Express has crushed the market for years. Will this trend continue in 2024? Let's take a look.
For further details see:
Will This Warren Buffett Stock Crush the Market in 2024?