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American Express ( (AXP) ) has shared an announcement.
American Express has released delinquency and write-off statistics for its U.S. Consumer and U.S. Small Business Card Member lending portfolios for the months ending September through November 2024. The data shows stability in the percentage of loans 30 days past due for both consumer and small business segments, while net write-off rates showed slight fluctuations across these months. These figures suggest a steady credit performance, though variability may occur due to factors like loan aging and external timing influences, impacting the financial health of the company’s lending operations.
More about American Express
American Express is a global financial services corporation known for its credit card, charge card, and traveler’s cheque businesses. The company focuses on providing payment and credit solutions for consumers and small businesses, primarily in the United States.
YTD Price Performance: 63.21%
Average Trading Volume: 2,563,498
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $212.8B
See more data about AXP stock on TipRanks’ Stock Analysis page.
