secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN EXPRESS CO (AXP)
CIK:        0000004962
Form:       8-K
Filed at:   2025-07-15T23:59:59+00:00
Accession:  0000004962-25-000078
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

American Express reports June 2025 credit stats; $1.6B Amazon cobrand loans reclassified to held for sale
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- U.S. Consumer loans $92.6B; 30+ day past due 1.3%; net write-off rate 2.1% (principal only).
- U.S. Small Business loans $30.1B; 30+ day past due 1.6%; net write-off rate 2.6% (principal only).
- $1.6B of Amazon small business cobrand loans reclassified to held for sale effective June 1, 2025.
- Lending Trust annualized default rate stable at 1.3% for June with $25.3B ending balance.
- Total Card Member loans held for investment $122.7B, down from $124.0B in May due to reclassification.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/4962/000000496225000078/0000004962-25-000078-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/4962/000000496225000078/axp-20250715.htm
  HTML page:      https://secwatch.observer/filing/0000004962-25-000078

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