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American Express ( (AXP) ) just unveiled an update.
American Express disclosed its delinquency and write-off statistics for its U.S. Consumer and U.S. Small Business Card Member lending portfolios for the months ending January 31, 2025, and December 31 and November 30, 2024. The company reclassified $758 million of small business loans related to its Lowe’s cobrand portfolio to loans held for sale, impacting the reported figures. The statistics indicate steady delinquency rates but a slight increase in the net write-off rates over the three months. These figures, excluding securitized loans, provide insights into the company’s credit performance and could influence stakeholders’ perspectives on its lending practices.
More about American Express
American Express Company operates in the financial services industry, offering a range of products including credit cards, charge cards, and travel-related services. The company primarily focuses on consumer and small business card members within the United States, offering lending portfolios tailored to these segments.
YTD Price Performance: 5.05%
Average Trading Volume: 2,424,767
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $218.5B
For an in-depth examination of AXP stock, go to TipRanks’ Stock Analysis page.
