other material
confidence high
sentiment neutral
materiality 0.40
AMEX April credit: US Consumer write-off 2.1%; Small Biz 2.4%; delinquencies improve
AMERICAN EXPRESS CO
- Total Card balances $157.2B, up 1.2% from March; US Consumer $111.4B, Small Biz $45.8B.
- US Consumer 30+ day delinquency 1.2% (down 10 bps MoM); net write-off rate 2.1% (up 10 bps).
- Small Business 30+ day delinquency 1.5% (down 10 bps); net write-off rate 2.4% (down 20 bps).
- Lending Trust annualized default rate 1.3% for April, stable versus prior months.
- Disclosure updated to combine revolve-eligible and pay-in-full Card balances.