secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN EXPRESS CO (AXP)
CIK:        0000004962
Form:       8-K
Filed at:   2026-08-17T16:00:28+00:00
Accession:  0000004962-26-000345
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

AXP July credit stats: consumer net write-off 1.7%, small biz 2.6%; balances flat
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- U.S. Consumer card balances $113.1B at July 31; 30+ days past due 1.1%; net write-off rate 1.7% for July.
- U.S. Small Business card balances $46.1B; 30+ days past due 1.3%; net write-off rate 2.6% for July.
- June net write-off rates adjusted for sale of written-off balances: consumer cut by 0.3pp, small business by 0.1pp.
- Lending Trust: ending principal $24.9B; annualized default rate 1.1% for July vs 0.7% June (adjusted).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/4962/000000496226000345/0000004962-26-000345-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/4962/000000496226000345/axp-20260817.htm
  HTML page:      https://secwatch.observer/filing/0000004962-26-000345

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