American Express Company (AXP) Remains One Of Warren Buffett’s Oldest Stock Picks
Key takeaways
- Payment card and travel services provider American Express Company (NYSE:AXP) is perhaps Warren Buffett's best-known stock pick.
- DBZ Bank discussed the firm on June 18th as it upgraded the shares to Buy from Hold and set a $375 share price target.
- Giverny Capital Asset Management discussed American Express Company (NYSE:AXP) in its Q1 2026 investor letter:
American Express Company (AXP) Remains One Of Warren Buffett’s Oldest Stock Picks Ramish Cheema Wed, July 1, 2026 at 12:34 AM GMT+7 3 min read AXP BRK-B American Express Company (NYSE:AXP) is one of the 10 Best Long-Term Stocks to Buy Now According to Warren Buffett.
Payment card and travel services provider American Express Company (NYSE:AXP) is perhaps Warren Buffett's best-known stock pick. He first bought the shares in 1964 when the firm's shares sank during the Salad Oil Scandal. Buffett then bought a stake in 1991 and continued in the 1990s. However, since then, it hasn't done much with the stock. In Q4 2010, according to Insider Monkey's data, Berkshire Hathaway held 151 million American Express Company (NYSE:AXP) shares that were worth $6.5 billion. It still holds the same number of shares, and the stake's latest value is $45.8 billion.
DBZ Bank discussed the firm on June 18th as it upgraded the shares to Buy from Hold and set a $375 share price target. American Express Company (NYSE:AXP)'s latest earnings report saw it report $18.91 billion in revenue, $3 billion in net income, and $4.28 in earnings per share. During the earnings call, the firm's Chief Financial Officer Christophe Le Caillec outlined that its earnings were stronger than expected and gave it room to spend in marketing and technology.