Core Viewpoint - American Express has shown strong performance with a total return of 121% over the past five years, significantly outperforming the S&P 500 index, attributed to robust fundamental performance [1] Group 1: Stock Performance - The stock has recently experienced a sell-off, trading 22% below its peak from December [2] - The current price-to-earnings ratio (P/E) has decreased from 25.6 to 19.5, making it a more attractive investment opportunity [4] Group 2: Market Sentiment - American Express is a top holding of Berkshire Hathaway, which provides retail investors with confidence due to Warren Buffett's endorsement [3] - The sell-off was influenced by concerns over potential job losses due to artificial intelligence, impacting consumer spending and affecting American Express along with other consumer-financial stocks [6] Group 3: Financial Fundamentals - In the previous year, American Express generated $72.2 billion in net revenue, a 10% increase compared to 2024 and 36% higher than in 2022, with management expecting long-term revenue growth of 10% or more per year [8] - The company anticipates earnings per share to grow at a mid-teens annual rate, suggesting that the share price could reflect these gains if the valuation remains stable [9]