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

Issuer:     AMERICAN EXPRESS CO (AXP)
CIK:        0000004962
Form:       8-K
Filed at:   2026-06-15T16:00:39+00:00
Accession:  0000004962-26-000263
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/4962/000000496226000263/0000004962-26-000263-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/4962/000000496226000263/axp-20260615.htm
  HTML page:      https://secwatch.observer/filing/0000004962-26-000263

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