3 Things to Know About American Express Before You Buy the Stock
American Express (NYSE: AXP) is probably a business that you've at least heard of. Not only does the card giant carry a market cap of $171 billion, but it's also a top holding in Warren Buffett-led Berkshire Hathaway's portfolio.
Given this financial stock trades near record territory, it's attracting the attention of investors. But before you scoop up shares, here are three important things to know about American Express.
Like JPMorgan Chase or Capital One, for example, American Express is a card issuer. It advertises to consumers, approves cardholders, and takes on credit risk. The downside with this model is that it forces Amex to place capital aside in the case of defaults.
Source Fool.com
JPMorgan Chase & Co. Aktie
194,82 €
-0,29 %
Überwältigendes Buy-Interesse für JPMorgan Chase & Co.: 34 Buy-Einschätzungen ohne eine einzige Sell-Einschätzung.
Ein leicht positives Potenzial wird für JPMorgan Chase & Co. mit einem Kursziel von 202 € im Vergleich zu 194.82 € gesehen.
