American Express Chairman, CEO Sold Shares Worth Over $99M

American Express has acquired TheFork, a restaurant booking platform with 55,000 partners and 50 million downloads, from Tripadvisor. TheFork will keep its brand, and the deal expands American Express's presence in the restaurant and hospitality sector.

Greg Abel, successor to Warren Buffett at Berkshire Hathaway, has maintained a concentrated portfolio, with seven stocks making up 71% of its $362 billion investments. Key holdings include Apple, American Express, and Coca-Cola, which have been long-term Buffett favorites. Abel has also significantly increased Berkshire's stake in Alphabet and focuses on energy stocks like Chevron and Occidental Petroleum.

Visa, Mastercard, and American Express shares have fallen significantly in 2026, with investors concerned about potential disruptions from stablecoins and regulatory changes. Walmart and Amazon are exploring issuing their own stablecoins, which could reduce their reliance on card networks and save billions in fees. Mastercard acquired BVNK, a stablecoin infrastructure firm, while Visa is focusing on AI and stablecoin settlement pilots.

American Express issued $3 billion in fixed-to-floating rate notes due 2030 and 2034, totaling $3.0 billion. The notes support funding for operations and growth. Analysts rate AXP stock as Buy with a $365 price target, while TipRanks' AI Analyst rates it as Outperform, citing strong operating performance and raised EPS guidance.

American Express issued $3 billion in notes, including $1.5 billion of 5.447% fixed-to-floating rate notes due 2030, $1.15 billion of 5.817% fixed-to-floating rate notes due 2034, and $350 million of floating rate notes due 2030. The company filed the details with the SEC.

AMERICAN EXPRESS CO (AXP) filed an SEC Form 8-K — Other Events. Item 8.01 Other Events. Exhibits are filed herewith in connection with the issuance by American Express Company (the “Company”), on October 30, 2026, of $1,500,000,000 aggregate principal amount of 5.447% Fixed-to-Floating Rate Notes due October 30, 2030, $1,150,000,000 aggregate