other material
confidence high
sentiment neutral
materiality 0.50
AmEx Aug credit stats: Consumer 30+ day delinquencies at 1.3%, write-off rate 2.2%
AMERICAN EXPRESS CO
- Total U.S. Consumer loans $87.3B; 30+ day past due 1.3% (unchanged MoM).
- Consumer net write-off rate (principal) 2.2% in Aug vs 2.1% in Jul and 2.3% in Jun.
- U.S. Small Business loans $30.1B; 30+ day past due 1.4%; write-off rate 2.3% (flat).
- Lending Trust annualized default rate 1.4% in Aug vs 1.2% in Jul and 1.5% in Jun.
- Total Card Member loans (Consumer + Small Business) $117.4B as of Aug 31.