other material
confidence high
sentiment neutral
materiality 0.35
AmEx Sept 2024 U.S. card delinquency 1.4%, net write-off 1.9%; total loans $116.7B
AMERICAN EXPRESS CO
- U.S. Consumer 30+ day delinquency rate 1.4% on $86.8B loans; net write-off rate 1.9% for month.
- U.S. Small Business 30+ day delinquency rate 1.5% on $29.9B loans; net write-off rate 2.1%.
- Three-month net write-off rates: Consumer 2.1%, Small Business 2.2%.
- Lending Trust annualized default rate 1.3% for September; 30+ days delinquent $0.2B.