secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN EXPRESS CO (AXP)
CIK:        0000004962
Form:       8-K
Filed at:   2025-08-15T23:59:59+00:00
Accession:  0000004962-25-000157
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/4962/000000496225000157/0000004962-25-000157-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/4962/000000496225000157/axp-20250815.htm
  HTML page:      https://secwatch.observer/filing/0000004962-25-000157

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