AmEx: Oct consumer loan net write-off rate rises to 2.2% vs 1.9% in Sep

AMERICAN EXPRESS CO

U.S. Consumer total loans $95.2B; 30+ days past due 1.4% (unchanged from Sep).
Consumer net write-off rate (principal only) 2.2% in Oct vs 1.9% in Sep and 2.0% in Aug.
U.S. Small Business total loans $31.2B; 30+ days past due 1.6%, net write-off rate 2.6% (vs 2.5% in Sep).
Lending Trust: annualized default rate net of recoveries 1.3% (Oct/Sep) vs 1.2% (Aug).
Total U.S. Consumer & Small Business loans held for investment $126.4B as of Oct 31.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.