We just covered the 10 Best Financial Stocks to Buy According to Warren Buffett and American Express Company (NYSE:AXP) ranks 1st on this list.
American Express Company (NYSE:AXP) is a long-term pick in the 13F portfolio of Berkshire Hathaway
The stock has featured in the portfolio of the fund since the fourth quarter of 2010. Back then, this position comprised over 151 million shares. The fund held onto this stake till the first quarter of 2012 before selling it off completely.
A new position in the stock was then opened in the third quarter of 2012 but was sold off by the next quarter. Another position in the firm was declared in the third quarter of 2013. This consisted of more than 151 million shares.