In the realm of finance, a behemoth player stands tall – American Express (NYSE:AXP), a nearly $200 billion banking and financial services giant. Notably, the company boasts a significant stake held by the Oracle of Omaha, Warren Buffett, exceeding 20% of its ownership. This substantial holding has been bolstered by consistent share buybacks. Furthermore, the ongoing legal battle with Visa adds another layer of intrigue to this financial powerhouse.
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Disclosure: The author holds a long position in AXP shares through stock ownership, options, or derivatives and has written this article based on personal opinions. No compensation has been received for this article, and there is no business relationship with any company mentioned herein.
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