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Share of the American Express Company, 1865. In 1850, American Express was started as a freight forwarding company in Buffalo, New York. [14] It was founded as a joint-stock corporation by the merger of the cash-in-transit companies owned by Henry Wells (Wells & Company), William G. Fargo (Livingston, Fargo & Company), and John Warren Butterfield (Wells, Butterfield & Company, the successor ...
Historical financial statements. Financial statements (or financial reports) are formal records of the financial activities and position of a business, person, or other entity.
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In financial accounting, a balance sheet (also known as statement of financial position or statement of financial condition) is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit entity.
Currently, American Express stock's PEG ratio is 1.4 (based on the numbers in the chart above), comfortably within the range I'll buy high-quality stocks at (up to a PEG ratio of 2 to 2.5).