American Express Co.
American Express Discloses Delinquency and Write-off Statistics
Summary
American Express Company disclosed delinquency and write-off statistics for its U.S. Consumer and U.S. Small Business Card Member lending portfolios for the months ended February 28 and January 31, 2025, and December 31, 2024, under Regulation FD. The statistics showed a slight increase in the 30 days past due loans percentage and net write-off rate for both portfolios. The total loans for U.S. Consumer and U.S. Small Business portfolios were $118.0 billion, $119.5 billion, and $122.2 billion as of February 28, January 31, and December 31, 2024, respectively. The delinquency rate for 30 days past due loans remained consistent across the periods at 1.4% for U.S. Consumer and 1.6% for U.S. Small Business. The net write-off rate increased from 2.1% to 2.5% for U.S. Consumer and from 2.4% to 2.6% for U.S. Small Business over the same period.
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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.
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