secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN EXPRESS CO (AXP)
CIK:        0000004962
Form:       8-K
Filed at:   2025-05-15T23:59:59+00:00
Accession:  0000004962-25-000060
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

AmEx reports April credit metrics: U.S. Consumer net write-off rate declines to 2.0%
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- U.S. Consumer total loans $90.7B; 30+ day delinquencies steady at 1.4%; net write-off rate fell to 2.0% from 2.5% in Feb.
- U.S. Small Business total loans $31.6B; 30+ day delinquencies at 1.6%; net write-off rate improved to 2.4% from 2.6%.
- Total loans (Consumer + Small Business) $122.3B at April 30, up from $118.0B at Feb 28.
- Lending Trust annualized default rate (net) improved to 1.3% in April vs 1.8% in February; delinquencies flat at $0.2B.
- Lowe's small business cobrand loans reclassified to held-for-sale since Dec 2024; excluded from loan table.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/4962/000000496225000060/0000004962-25-000060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/4962/000000496225000060/axp-20250515.htm
  HTML page:      https://secwatch.observer/filing/0000004962-25-000060

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