American Express to Be Hit as Travel, Entertainment Spending Slows: Analyst
'Our weekly data shows that travel and entertainment spending has recently stabilized in the low to mid-single digits,' Citi's Arren Cyganovich said.
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'Our weekly data shows that travel and entertainment spending has recently stabilized in the low to mid-single digits,' Citi's Arren Cyganovich said.
The company remains on track to hit its full-year guidance.
Two Berkshire Hathaway holdings are solid long-term holdings, while another Buffett favorite should be avoided in the short term.
The integrated-payments network is serving up double-digit revenue growth and aggressively buying back its stock.
CEO Stephen Squeri now has a direct line to legendary investor and No. 1 AmEx shareholder Warren Buffett — and all the business magic that comes with it. It's…