secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN EXPRESS CO (AXP)
CIK:        0000004962
Form:       8-K
Filed at:   2024-10-15T23:59:59+00:00
Accession:  0000004962-24-000065
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

AmEx Sept 2024 U.S. card delinquency 1.4%, net write-off 1.9%; total loans $116.7B
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/4962/000000496224000065/0000004962-24-000065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/4962/000000496224000065/axp-20241015.htm
  HTML page:      https://secwatch.observer/filing/0000004962-24-000065

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