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DJIA Stalwart American Express ($AXP) Will Likely Flourish As Travel Returns

American Express is a pillar of consumer finance. Many may not be aware that its invention of the Traveler Cheque in 1891 was instrumental in facilitating the spread of global commerce in the 20th century. Many may also be unaware that Lehman Brothers was formerly the investment banking arm of American Express. All this history isn't just window dressing. At roughly $25 bn, AXP possesses the 28th most valuable brand in the world and the second most valuable financial services brand in the world, behind only Visa. If you're not familiar with the company, it has a history of being very travel adjacent in terms of rewards and benefits to customers, and thus it has underperformed competitors during the pandemic. The company was famously one of Warren Buffett's significant early investments in 1964. He now owns northward of 7% of the storied company. Not a bad guy to have keeping management on its best foot forward on your behalf.  

DJIA Stalwart American Express ($AXP) Will Likely Flourish As Travel Returns
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