Is American Express Stock a Millionaire Maker?
American Express (NYSE: AXP) is a very well-positioned business. It has a very famous supporter in Warren Buffett, the legendary investor and chief executive officer of Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B). Before you run out to buy this stock, however, you will need to keep in mind something that Buffett was taught by his mentor, Benjamin Graham.
There's little question that American Express has a great business. As a payment processor, it connects sellers with buyers as transactions occur, charging a very small fee per transaction. But add up all the transactions, and American Express has a gargantuan business. In the second quarter of 2025, this finance company generated $17.9 billion in revenue, up 9% year over year, helping to drive a 17% increase in earnings.
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Source Fool.com
