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American Express ( (AXP) ) has shared an announcement.
In a recent announcement, American Express reported delinquency and write-off statistics for its U.S. Consumer and U.S. Small Business Card Member lending portfolios for the months ending December 31, November 30, and October 31, 2024. The release highlighted a reclassification of $758 million in loans from the Lowe’s small business co-brand portfolio to loans held for sale, impacting the reported figures for December 2024. The statistics, separate from those of the Lending Trust, reflect differences in credit performance due to loan mix and other factors, illustrating variability in monthly reporting periods.
More about American Express
American Express Company operates in the financial services industry, primarily offering credit card products and services. The company focuses on consumer and small business card member lending, with a market presence in the United States.
YTD Price Performance: 1.44%
Average Trading Volume: 2,560,141
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $211.6B
For an in-depth examination of AXP stock, go to TipRanks’ Stock Analysis page.
