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-9.08017797147998E-05 -0.00127122491600823 -0.00372287296831015 -0.00460819032053022 -0.00553890856260782 -0.00935258331063277 -0.0139153727413057 -0.0106919095614274
Stock impact report

American Express credit card delinquency, net charge-off rates slip in March [Seeking Alpha]

American Express Company (AXP) 
Last american express company earnings: 4/24 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.americanexpress.com
Company Research Source: Seeking Alpha
U.S. consumer card delinquency rate of 1.4% fell from 1.5% in February, but rose from 1.1% a year before. Its net write-off rate, too, slipped 10 basis points from a month ago to 2.3% and advanced from 1.7% in March 2023. Both rates trailed their prepandemic marks of 1.5% and 2.5%, respectively. Total U.S. consumer card member loans were $81.3B, up from $80.8B in the prior month and down from $82.1B in January. American Express's ( AXP ) U.S. small business card delinquency rate stalled at 1.5% at March 31, while the net write-off rate of 2.4% increased from 2.3% at Feb. 29. Small business card member loans of $109.9B rose from $107.0B in the previous month and from $107.3B in January. Recommended For You More Trending News Recommended For You More Trending News About AXP Stock Related Stocks Trending Analysis Trending News Show less Read more
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