secwatch.observer — SEC 8-K summary
======================================

Issuer:     AMERICAN EXPRESS CO (AXP)
CIK:        0000004962
Form:       8-K
Filed at:   2024-09-16T23:59:59+00:00
Accession:  0000004962-24-000061
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

AmEx Aug credit stats: Consumer 30+ day delinquencies at 1.3%, write-off rate 2.2%
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/4962/000000496224000061/0000004962-24-000061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/4962/000000496224000061/axp-20240916.htm
  HTML page:      https://secwatch.observer/filing/0000004962-24-000061

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer