Warren Buffett has held AXP stock since the early 1990s. For a long time though, Amex was seen as too exclusive, since it wasn’t accepted as widely as Visa and MasterCard. That’s certainly changed in recent years as more places than ever now take Amex. Certainly, those loyal to Amex praise their customer service and benefits.
Since June of 2023, AXP has shot up from 158 to 238. As of now, it’s still trading at a P/E of 19.6 (12.15 EPS). What makes it stand out, and what are the benefits and risks of AXP?
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