Matt Barkauskas ‘22 pitched The American Express Company (NYSE: AXP) on November 8, 2021. The company was founded in 1850 and is headquartered in New York, New York. American Express is a bank holding company that provides charge and credit payment card products and travel-related services worldwide. The company operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services, with their Global Consumer Services Group accounting for 60% of American Express’ revenue. The ability of the company to act as both a credit card issuer and credit card network, the diversification from current SMIF holdings, favorable macroeconomic trends, and a strong management team makes American Express a buy for the portfolio. The class voted to buy 300 shares of AXP at market price, sell 170 shares of WSM and 150 shares of PG.