secwatch.observer — SEC 8-K summary
======================================

Issuer:     AMERICAN EXPRESS CO (AXP)
CIK:        0000004962
Form:       8-K
Filed at:   2026-04-15T23:59:59+00:00
Accession:  0000004962-26-000148
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

AmEx reports Q1 2026 US consumer loan net write-off rate 2.0%; small business 2.8%
--------------------------------------------------------------------------------

- Consumer loans 30+ days past due stable at 1.4% for three months ended March 31.
- Consumer net write-off rate (principal only) 2.2% in March vs 2.0% in Feb and 1.9% in Jan.
- Small business net write-off rate 2.9% in March (2.8% for Q1); past due 1.7%.
- Total US consumer and small business loans $129.7B at March 31, up from $126.4B at Feb 28.
- Lending Trust annualized default rate 1.2% in March (vs 1.3% Feb, 1.1% Jan).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/4962/000000496226000148/0000004962-26-000148-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/4962/000000496226000148/axp-20260415.htm
  HTML page:      https://secwatch.observer/filing/0000004962-26-000148

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer