secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN EXPRESS CO (AXP)
CIK:        0000004962
Form:       8-K
Filed at:   2025-10-15T23:59:59+00:00
Accession:  0000004962-25-000210
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

American Express Sept credit metrics: consumer net write-off 1.9%, small biz 2.5%
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- Total U.S. consumer and small business card loans held for investment: $124.8B as of Sept 30.
- U.S. consumer net write-off rate (principal) 1.9% in Sept, down from 2.0% in Aug and July.
- U.S. small business net write-off rate (principal) 2.5% in Sept, down from 2.7% in Aug and July.
- 30+ day past due loans 1.4% for consumer and 1.6% for small business, stable month-over-month.
- Lending Trust annualized default rate 1.3% in Sept, vs 1.1% in July; total delinquent $0.2B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/4962/000000496225000210/0000004962-25-000210-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/4962/000000496225000210/axp-20251015.htm
  HTML page:      https://secwatch.observer/filing/0000004962-25-000210

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