secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN EXPRESS CO (AXP)
CIK:        0000004962
Form:       8-K
Filed at:   2025-12-15T23:59:59+00:00
Accession:  0000004962-25-000265
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

AmEx Nov 2025 credit stats: U.S. Consumer net write-off 2.1%, Small Business 2.7%
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- Total U.S. Consumer and Small Business card loans held for investment $129.1B as of Nov 30, 2025.
- U.S. Consumer 30+ day delinquency rate unchanged at 1.4%; net write-off rate (principal) 2.1% vs 2.2% in Oct.
- U.S. Small Business 30+ day delinquency rate unchanged at 1.6%; net write-off rate 2.7% vs 2.6% in Oct.
- Lending Trust Nov annualized default rate (net of recoveries) 1.2%; 30+ day delinquent $0.2B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/4962/000000496225000265/0000004962-25-000265-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/4962/000000496225000265/axp-20251215.htm
  HTML page:      https://secwatch.observer/filing/0000004962-25-000265

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