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

Issuer:     AMERICAN EXPRESS CO (AXP)
CIK:        0000004962
Form:       8-K
Filed at:   2024-11-15T23:59:59+00:00
Accession:  0000004962-24-000072
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/4962/000000496224000072/0000004962-24-000072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/4962/000000496224000072/axp-20241115.htm
  HTML page:      https://secwatch.observer/filing/0000004962-24-000072

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