Berkshire Hathaway Maintains Major Stake in American Express

Berkshire Hathaway maintains a significant investment in American Express, which currently accounts for nearly 14% of the conglomerate's $359 billion public equities portfolio. The company holds a 22.5% stake in the credit card issuer and payments network, a position that has more than doubled in value over the last five years as of September 10.

This investment follows a capital allocation policy managed by Warren Buffett and Greg Abel. The leadership at Berkshire Hathaway values the wide economic moat American Express has established through its payments infrastructure and premium brand.

American Express leadership projects long-term annual revenue growth of 10% and expects earnings per share to increase at a mid-teens annualized rate.