American Express (AXP) just unveiled an update.
American Express Company has reported consistent delinquency rates for its U.S. Consumer and Small Business Card Member loans through mid-2024, with a slight decrease in net write-off rates over the recent months. The total loans for consumers and small businesses combined reached $115.1 billion, with the consumer segment accounting for the majority. Additionally, the performance of the American Express Credit Account Master Trust shows a stable ending balance with minor fluctuations in the default rate. These statistics are crucial for investors as they indicate the credit health and risk associated with American Express’s lending activities.
See more insights into AXP stock on TipRanks’ Stock Analysis page.
