American Express Company is a multinational financial services corporation headquartered in New York City. It is best known for its credit card, charge card, and traveler's cheque businesses.
The company also offers a wide range of other financial services, including consumer banking and credit, corporate and investment banking, securities brokerage, merchant services, and insurance. .
American Express is one of the 30 components of the Dow Jones Industrial Average and is considered one of the "big four" credit card networks, along with Visa, Mastercard, and Discover.
How To Invest In American Express Company
There are several ways to invest in American Express Company:
Stock Purchase:
One of the most common ways to invest in American Express is to purchase shares of its stock through a brokerage account. This can be done online or through a financial advisor.
Mutual Funds:
American Express is often included in the portfolio of financial sector mutual funds. By investing in one of these funds, you can gain exposure to American Express along with other financial companies.
Exchange-Traded Funds (ETFs):
ETFs are a type of investment fund that can be bought and sold on stock exchanges. Some ETFs focus on specific sectors, such as the financial sector, and may include American Express as one of their holdings.
Options: Investors can also invest in American Express by buying or selling options, which are contracts that give the holder the right, but not the obligation, to buy or sell shares of the stock at a set price in the future.
Before investing, it's important to conduct your own research, consider your risk tolerance, and consult with a financial advisor, if necessary.