American Express (AXP) just unveiled an update.
American Express Company has released delinquency and write-off statistics for its U.S. Consumer and Small Business Card Member lending portfolios for the months leading up to June 30, 2024. The data shows a slight fluctuation in 30-day past due loans and net write-off rates, indicating the company’s credit performance over this period. Additionally, the credit performance of the American Express Credit Account Master Trust is provided, with details on ending balances, defaulted amounts, and delinquency rates, offering insights into the financial health and risk associated with American Express’s lending activities.
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