An update from American Express (AXP) is now available.
American Express Company has released delinquency and write-off statistics for its U.S. Consumer and Small Business Card Member lending portfolios, revealing a steady pattern across the months of February, March, and April 2024. The reports show total loans for consumers and small businesses combined exceeded $110 billion, with a slight fluctuation in delinquency rates and net write-offs. These insights offer a glimpse into the credit performance of American Express, with detailed figures indicating the health of their lending activities.
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