secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN EXPRESS CO (AXP)
CIK:        0000004962
Form:       8-K
Filed at:   2025-04-15T23:59:59+00:00
Accession:  0000004962-25-000030
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

American Express March 2025 card delinquency stable at 1.4% (Consumer) and 1.6% (Small Business); write-offs 2.4%/2.6%
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- Total US Consumer card loans $90.1B; 30+ days past due 1.4%; net write-off rate (principal only) 2.4% for Q1.
- Total US Small Business card loans $31.2B; 30+ days past due 1.6%; net write-off rate 2.6% for Q1.
- Lowe's small-business cobrand portfolio reclassified to held for sale effective Dec 1, 2024; loans excluded from table.
- Lending Trust annualized default rate 1.5% for March 2025; 30+ days delinquent $0.2B.
- Total card member loans held for investment $121.3B as of March 31, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/4962/000000496225000030/0000004962-25-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/4962/000000496225000030/axp-20250415.htm
  HTML page:      https://secwatch.observer/filing/0000004962-25-000030

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