secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN EXPRESS CO (AXP)
CIK:        0000004962
Form:       8-K
Filed at:   2026-05-15T16:00:46+00:00
Accession:  0000004962-26-000249
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

AMEX April credit: US Consumer write-off 2.1%; Small Biz 2.4%; delinquencies improve
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/4962/000000496226000249/0000004962-26-000249-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/4962/000000496226000249/axp-20260515.htm
  HTML page:      https://secwatch.observer/filing/0000004962-26-000249

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