American Express reports July U.S. card loan credit metrics: mixed write-off trends

AMERICAN EXPRESS CO

U.S. Consumer net write-off rate 2.0% in July, down from 2.1% in June; 30+ days past due unchanged at 1.3%.
U.S. Small Business net write-off rate rose to 2.7% in July from 2.6% in June and 2.4% in May; 30+ days past due steady at 1.6%.
Total U.S. card loans held for investment $124.2B in July, up from $122.7B in June.
Lending Trust annualized default rate fell to 1.1% in July from 1.3% in June; total 30+ days delinquent $0.2B.

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