secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN EXPRESS CO (AXP)
CIK:        0000004962
Form:       8-K
Filed at:   2026-09-15T11:35:25+00:00
Accession:  0000004962-26-000353
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

AmEx reports August credit stats: consumer write-off 1.7%, small business 2.2%; balances flat
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- U.S. Consumer card balances $114.2B at Aug 31; 30+ days past due 1.1%; net write-off rate 1.7% (unchanged from July).
- U.S. Small Business balances $46.1B; 30+ days past due 1.3%; net write-off rate 2.2%, down from 2.6% in July.
- June 2026 sale of previously written-off balances cut net write-off rates by ~0.3% (consumer) and ~0.1% (small business) for that month.
- Total held-for-investment balances $160.3B at Aug 31, up from $159.2B at July 31; Lending Trust default rate 1.0% in August.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/4962/000000496226000353/0000004962-26-000353-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/4962/000000496226000353/axp-20260915.htm
  HTML page:      https://secwatch.observer/filing/0000004962-26-000353

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