secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN EXPRESS CO (AXP)
CIK:        0000004962
Form:       8-K
Filed at:   2026-07-15T16:00:29+00:00
Accession:  0000004962-26-000302
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/4962/000000496226000302/0000004962-26-000302-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/4962/000000496226000302/axp-20260715.htm
  HTML page:      https://secwatch.observer/filing/0000004962-26-000302

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