Amex Oct consumer loan net write-off rate rises to 2.4% from 1.9% in Sep

AMERICAN EXPRESS CO

Total US Consumer card loans $88.0B at Oct 31, up from $86.8B at Sep 30.
US Consumer net write-off rate (principal only) 2.4% in Oct vs 1.9% in Sep and 2.2% in Aug.
US Small Business net write-off rate 2.2% in Oct, vs 2.1% in Sep and 2.3% in Aug.
30+ days past due for US Consumer stable at 1.4% in Oct and Sep, up from 1.3% in Aug.
Lending Trust annualized default rate 1.5% in Oct, vs 1.3% in Sep and 1.4% in Aug.

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