An announcement from American Express ( (AXP) ) is now available.
American Express Company has released delinquency and write-off statistics for its U.S. Consumer and Small Business Card Member lending portfolios, highlighting consistent loan growth and stable delinquency rates over the recent three months ending August 2024. With total loans reaching $117.4 billion, the data reveals a slight fluctuation in net write-off rates, maintaining around 2.2% for consumer loans and 2.3% for small business loans. Additionally, the American Express Credit Account Master Trust reports a stable principal balance with minor changes in the annualized default rate. This information is key for investors and market watchers monitoring the credit performance and risk profile of American Express’s lending activities.
See more data about AXP stock on TipRanks’ Stock Analysis page.
