AmEx May credit data: consumer 30+ day delinquencies fall to 1.1% from 1.3% in March

AMERICAN EXPRESS CO

U.S. Consumer card balances $113.8B as of May 31, up from $110.8B in March; 30+ day past due % improved to 1.1% from 1.3%.
U.S. Small Business balances $46.7B (May) vs $45.2B (Mar); 30+ day past due % improved to 1.4% from 1.6%.
Net write-off rates stable: Consumer 2.0%, Small Business 2.6% (May) vs 2.0% and 2.6% (March).
Lending Trust annualized default rate 1.2% in May, steady from March; 30+ day delinquent $0.2B.

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