3 Things to Know About This Top Warren Buffett Stock

Berkshire Hathaway owns dozens of stocks in its gargantuan equities portfolio. While Apple gets a lot of attention, investors can't ignore a business like American Express (NYSE: AXP). This company has been a favorite of the Oracle of Omaha for a very long time. Here are three things you should know about this top Warren Buffett stock.

Investors are likely familiar with banks like JPMorgan Chase and Bank of America. These financial institutions have a huge presence in the market for issuing credit cards. That means that they find customers, run credit checks, approve them, and service the payments.

I'm sure you've also heard of and Mastercard. These businesses don't lend any money, but they do operate the communications network that connects merchants and consumers, facilitating the processing of transactions.

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Source Fool.com