secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN EXPRESS CO (AXP)
CIK:        0000004962
Form:       8-K
Filed at:   2025-03-17T23:59:59+00:00
Accession:  0000004962-25-000024
Event type: other_material
Sentiment:  negative
Materiality: 0.55
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Amex US consumer net write-off rate rises to 2.5% in Feb; small business 2.6%
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- U.S. Consumer net write-off rate (principal only) increased to 2.5% in Feb from 2.1% in Dec 2024.
- U.S. Small Business net write-off rate rose to 2.6% in Feb from 2.4% in Dec 2024.
- Total Card Member loans for U.S. Consumer and SMB fell to $118.0B in Feb from $122.2B in Dec 2024.
- Lending Trust annualized default rate increased to 1.8% in Feb from 1.2% in Dec 2024.
- Company reclassified $758M of Lowe’s small business cobrand loans to held for sale effective Dec 1, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/4962/000000496225000024/0000004962-25-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/4962/000000496225000024/axp-20250317.htm
  HTML page:      https://secwatch.observer/filing/0000004962-25-000024

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