The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.

We use cookies to improve your experience and serve personalized ads.

By clicking Accept, you consent to our use of advertising cookies. See our Privacy Policy for details.

StocksUpdated×2•Originally published 12 April 2026•Updated 13 April 2026•

1 min read

Mario Gabelli Maintains Bullish Stance on American Express Despite Trimming Stake

Key Facts

1Mario Gabelli's GAMCO Investors has held a position in American Express since 2012.

2American Express is unique as both a card issuer and a payment network, allowing it to capture more profit per transaction.

about 2 months ago

Version History

2 additional sources confirmed this story

Version 2about 2 months ago

What changed: The story was updated to include American Express's inclusion in the Zacks Focus List, while also noting Goldman Sachs as another top-rated stock in the same list.

Version 1about 2 months ago

What changed: Identified travel and dining as the specific sectors driving fee income and explicitly categorized the stock as a defensive investment play.

Renowned investor Mario Gabelli, through GAMCO Investors, continues to maintain a bullish long-term outlook on American Express (AXP), a core holding since 2012. The company’s unique integrated model as both a card issuer and a payment network allows it to capture higher profit margins than its competitors. Adding to this positive sentiment, AXP was recently included in the Zacks Focus List, recognized for its robust earnings growth and price momentum. Goldman Sachs (GS) was also highlighted alongside AXP as a top-rated stock in the Zacks list for building winning investment portfolios. This resilience is further supported by strong growth in the travel and dining sectors, reinforcing the stock's status as a defensive play. While GAMCO has been strategically trimming its exposure to rebalance its portfolio, AXP remains a favorite among value investors due to its premium market positioning.