secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN EXPRESS CO (AXP)
CIK:        0000004962
Form:       8-K
Filed at:   2025-11-17T23:59:59+00:00
Accession:  0000004962-25-000259
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/4962/000000496225000259/0000004962-25-000259-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/4962/000000496225000259/axp-20251117.htm
  HTML page:      https://secwatch.observer/filing/0000004962-25-000259

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