On October 20, 2025, Wells Fargo updated its rating for American Express (NYSE: AXP) to "Overweight," signaling confidence in the company's future performance. At the time, AXP was priced at $346.62. Wells Fargo also raised its price target for the stock from $375 to $400, indicating expectations of further growth.
American Express has seen a notable price movement, with a 7.21% increase, making it a significant holding in Berkshire Hathaway's public equity portfolio. Berkshire Hathaway owns 21.8% of American Express, making it the company's second-largest holding after Apple. This increase in stock price reflects investor confidence and aligns with Wells Fargo's updated rating.
Over the past decade, American Express has delivered a total return of 228%, including dividends, outperforming Coca-Cola's 55% total return and the S&P 500's 106% return. This impressive performance highlights the strength of American Express's business model, which is considered superior to Visa and Mastercard when operating at its best, as it functions as both the card issuer and the payment network.
Currently, AXP is priced at $346.62, with a recent change of $23.50, marking a 7.27% increase. The day's trading has seen a low of $331 and a high of $348.70. Over the past year, the stock has reached a high of $349.19 and a low of $220.43, showcasing its volatility and potential for growth.
American Express's market capitalization stands at approximately $241.21 billion, with a trading volume of 6,398,578 shares. This substantial market cap and trading volume reflect the company's strong market presence and investor interest, further supported by Wells Fargo's optimistic outlook and Berkshire Hathaway's significant investment.
