American Express challenges Apple for No. 1 slot in Berkshire's portfolio [CNBC]
American Express Company (AXP)
Last american express company earnings: 4/24 07:00 am
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ir.americanexpress.com
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Source: CNBC
You can sign up here to receive it every Friday evening in your inbox.) A combination of big Apple stock sales and steady gains for the share price of American Express has put the credit card company within a few billion dollars of becoming the most valuable holding in Berkshire Hathaway's equity portfolio In mid-2023, the Apple stake's value of close to $180 billion was around $154 billion greater than the American Express holdings. Since then, Berkshire has sold roughly three-quarters of the position. Last Friday, Apple's lead narrowed to an all-time low was just $4.3 billion. This week it increased to $8.4 billion. The Apple sales are, by far, the biggest factor in the narrowing margin, but American Express stock has outperformed Apple over the past 2 1/2 years with a 106% gain vs. Apple's 35% advance. Buffett first bought 5% of AXP in 1964 when its share price was depressed after it fell victim to loan fraud involving fake salad oil . Berkshire added American Express s
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AXP
News
- American Express (NYSE:AXP) had its price target lowered by analysts at Truist Financial Corporation from $420.00 to $400.00. They now have a "buy" rating on the stock.MarketBeat
- American Express (NYSE:AXP) had its price target lowered by analysts at JPMorgan Chase & Co. from $385.00 to $375.00. They now have a "neutral" rating on the stock.MarketBeat
- American Express (NYSE:AXP) had its "sell" rating reaffirmed by analysts at BTIG Research. They now have a $328.00 price target on the stock.MarketBeat
- American Express Weighs 2 World Trade Center Move And Long Term Costs [Yahoo! Finance]Yahoo! Finance
- Buffett Watch: American Express challenges Apple for No. 1 slot in Berkshire's portfolio [MSNBC.com]MSNBC.com
AXP
Earnings
- 2/2/26 - Miss
AXP
Sec Filings
- 2/3/26 - Form 4
- 2/3/26 - Form 4
- 2/3/26 - Form 4
- AXP's page on the SEC website