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.
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