American Express has demonstrated incredible resilience as it recovers from early pandemic declines and navigates through inflation and macroeconomic volatility. As a financial services company with its own funding sources, it has greater exposure to risk from rising interest rates and spending dips, which makes its robust performance all the more impressive.

Revenue increased 19% in the third quarter over last year, and net income rose 3%. This was powered by record cardholder acquisitions in certain categories, specifically for millennials and Gen Zers. These were the fastest-growing categories by age, making up 60% of new cardholder acquisitions.

There was growth in spending in both the goods and services and the travel and entertainment categories, which has finally overtaken 2019 levels in international markets.

By changing its focus to a younger clientele, Amex has increased its potential for high revenue, not to mention giving itself a long life span.

The stock trades at less than 15 times trailing-12-month earnings, which looks very cheap right now considering it's posting double-digit sales growth as well as increasing earnings at a time when many companies aren't. It also pays a dividend that yields 1.4% at the current price. American Express stock is down 11% this year, and this Warren Buffett favorite just edges out the broader market's gains over the past five years when you include dividends. It's an excellent value addition to any portfolio.

@Daily_Discussion