3 Things You Need to Know Before Buying This Top Warren Buffett Stock
Based on his impressive track record during the past few decades, Warren Buffett is a source of inspiration when it comes to investment ideas. Take a peek through Berkshire Hathaway's massive portfolio, and you'll find some dominant companies.
The third largest holding is American Express (NYSE: AXP). The conglomerate owns almost 21% of the shares outstanding in this top financial company. But before you rush to follow in the Oracle of Omaha's footsteps and buy the stock, here are three things you need to know.
American Express is similar to and Mastercard in that all of these companies operate payment networks that connect consumers and merchants to facilitate commerce. But Visa and Mastercard don't extend credit themselves. Instead, they rely on banking partners that take on the credit risk.
Source Fool.com
Visa Inc. A Stock
With 42 Buy predictions and not a single Sell prediction Visa Inc. A is an absolute favorite of our community.
As a result the target price of 279 € shows a slightly positive potential of 10.6% compared to the current price of 252.25 € for Visa Inc. A.
