Warren Buffett's $48 Billion American Express Stake Has Been a Huge Winner. The Latest Results Say the Streak Is Far From Over.

Impact · against what's priced in

The strong Q3 results for American Express are positive but largely reinforce existing market expectations for steady-state premium performance. The raised EPS guidance and revenue growth provide evidence that the bull case for sustained 10%+ growth is viable, which challenges the current price's assumption of a sharp deceleration to 1.6%.

AXP+0.30

Challenges what's priced in

The price assumes