other material
confidence high
sentiment neutral
materiality 0.50
AmEx Feb credit data: Consumer 30+ day delinquency edges up to 1.4%; small business write-off rate 2.8%
AMERICAN EXPRESS CO
- U.S. Consumer total loans $95.1B (Feb), down from $100.2B (Dec); 30+ day delinquency 1.4% vs 1.3% in Dec.
- U.S. Small Business 30+ day delinquency steady at 1.7%; net write-off rate principal-only 2.8% (Dec: 2.7%).
- Lending Trust annualized default rate Feb 1.3% up from 1.1% in Jan; defaulted amount $0.04B.
- Total card loans held for investment $126.4B (Feb) vs $131.0B (Dec), decline of $4.6B.