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American Express | 8-K: Regulation FD Disclosure

SEC ·  Oct 15, 2024 12:04

Summary by Moomoo AI

American Express released its latest U.S. credit portfolio performance data for September 2024. The U.S. Consumer Card Member loans totaled $86.8B with a 30-day delinquency rate of 1.4% and a principal-only net write-off rate of 1.9%. The U.S. Small Business Card Member loans reached $29.9B, showing a delinquency rate of 1.5% and a net write-off rate of 2.1%.The combined U.S. Consumer and Small Business Card Member loans amounted to $116.7B. The American Express Credit Account Master Trust, which represents a portion of the total portfolio, reported an ending principal balance of $25.5B with an annualized default rate of 1.3% for September 2024.
American Express released its latest U.S. credit portfolio performance data for September 2024. The U.S. Consumer Card Member loans totaled $86.8B with a 30-day delinquency rate of 1.4% and a principal-only net write-off rate of 1.9%. The U.S. Small Business Card Member loans reached $29.9B, showing a delinquency rate of 1.5% and a net write-off rate of 2.1%.The combined U.S. Consumer and Small Business Card Member loans amounted to $116.7B. The American Express Credit Account Master Trust, which represents a portion of the total portfolio, reported an ending principal balance of $25.5B with an annualized default rate of 1.3% for September 2024.
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