American Express (AXP) has shared an announcement.
American Express Company has shared its delinquency and write-off statistics for U.S. Consumer and Small Business Card Member lending portfolios, revealing a slight fluctuation in 30-day past-due loans and net write-off rates for the three months ending May 31, 2024. The total loans for consumers and small businesses combined reached $112.2 billion, with delinquency rates hovering around 1.3-1.5% and write-offs between 2.3-2.5%. These figures complement data from the American Express Credit Account Master Trust, which shows a stable annualized default rate and consistent delinquency in its recent monthly reports.
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