AXP June credit metrics: Consumer net write-off 1.4% (down 0.6pp MoM), Small Business 2.3% (down 0.3pp)

AMERICAN EXPRESS CO

U.S. Consumer card balances $113.8B; 30+ day past due 1.1%; net write-off rate 1.4% for June (down from 2.0% in May).
U.S. Small Business card balances $45.9B; 30+ day past due 1.4%; net write-off rate 2.3% for June (down from 2.6% in May).
Sale of previously written-off balances reduced June net write-off rates by ~0.3% for Consumer and ~0.1% for Small Business.
Lending Trust annualized default rate for June 0.7% (down from 1.2% in May and 1.3% in April).

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.