American Express Co.
American Express Discloses Card Member Loan Portfolio Statistics
Summary
American Express Company furnished delinquency and write-off statistics for its U.S. Consumer and U.S. Small Business Card Member lending portfolios for the months ended December 31, November 30, and October 31, 2023. The disclosure included total loans, 30 days past due loans as a percentage of total, and net write-off rates. The data provided additional information to that reported by the American Express Credit Account Master Trust in its monthly Form 10-D report.
Profitelligence Alerts
Get alerts for AXP
Be first to know when American Express Co. files with the SEC.
Filing Categories
Advertisement
About American Express Co.
American Express Co. is a leading global financial services company, primarily known for its charge cards, credit cards, and travel-related services. Founded in 1850 and headquartered in New York City, American Express is recognized for its premium customer service and luxury lifestyle benefits, distinguishing it within the highly competitive financial services industry. Its products are used by individual consumers, small businesses, and large corporations, showing a robust presence in various sectors. The company's core operations encompass a broad range of payment solutions, offering rewarding loyalty programs such as Membership Rewards, which enhance customer engagement and satisfaction. American Express also provides products related to expense management and international payment processing, essential for businesses and travelers worldwide. Their unique charge card model, which requires payment in full each month, promotes financial discipline among cardholders. American Express plays a significant role in the financial market, not only by facilitating consumer and business transactions but also by supporting economic activities and travel industries. Its stock performance is closely watched by investors for insights into consumer spending trends, making it a vital entity in global financial dynamics.
Official SEC Documents
Advertisement