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American Express (AXP) has issued an update.
American Express Company has released delinquency and write-off statistics for its U.S. Consumer and Small Business card portfolios, showing a slight fluctuation in loans and delinquency rates over the recent months. The data reflects total loans amounting to over $100 billion, with past-due loans consistently around 1.5%, and net write-off rates hovering between 2.1% and 2.5%. These figures complement additional credit performance information from the American Express Credit Account Master Trust, which shows a stable default rate and delinquency amounts. This information is crucial for those tracking the credit health and risk management of American Express’s lending activities.
See more insights into AXP stock on TipRanks’ Stock Analysis page.