American Express Company
New York, NY, United States
Company overview
American Express Company, together with its subsidiaries, operates as an integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and internationally. It operates through four segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services. The company offers credit and charge cards and complementary products and services, including travel, dining, and lifestyle and expense management products and services; and banking and other payment and financing products and services, including deposits and non-card lending. It also provides merchant acquisition and processing, servicing and settlement, fraud prevention, and point-of-sale marketing and information products and services, as well as network services. The company offers its products and services to consumers, small businesses, mid-sized companies, and large corporations through mobile and online applications, affiliate marketing, customer referral programs, third-party service providers and business partners, in-house sales teams, direct mail, telephone, and direct response advertising. American Express Company was founded in 1850 and is headquartered in New York, New York.
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Coca-Cola and American Express: The Long-Game Logic Behind Two of Buffett's Biggest Bets
Berkshire Hathaway's decades-long stakes in Coca-Cola and American Express illustrate how durable competitive advantages and patience can compound wealth over time.
Market News
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While Fed rate hikes typically concern financial investors, JPMorgan Chase, American Express, and Progressive have business models positioned to weather or benefit from higher rates.
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Berkshire Hathaway's Top Three Holdings Generate $1.6 Billion Annual Dividend Stream
Berkshire Hathaway's three largest holdings - Apple, American Express, and Coca-Cola - represent 45.7% of its portfolio and generate $1.6 billion in annual dividends.
Market News
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Stock markets reached new highs last week despite Iran tensions, setting stage for busy earnings week led by Tesla and major tech companies.