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American Express (AXP) has provided an update.
American Express Company has provided recent delinquency and write-off statistics for its U.S. Consumer and Small Business Card Member lending portfolios, revealing a fairly stable pattern in loan performance. The data, which covers the first three months of 2024, shows total loans sitting at $109.9 billion, with delinquency rates hovering around 1.4-1.5%, and write-off rates around 2.3%. This financial snapshot offers valuable insights for those tracking the credit behavior of American Express’s lending activities.
Learn more about AXP stock on TipRanks’ Stock Analysis page.