American Express Files Regulation FD 8-K on Feb 15

TL;DR

**AXP filed an 8-K for Regulation FD on Feb 15, meaning they're sharing material info, but the specific details aren't in this snippet.**

AI Summary

American Express Co. (AXP) filed an 8-K on February 15, 2024, to disclose information under Regulation FD. This filing indicates that the company is making public material non-public information to ensure fair and broad dissemination to all investors. However, the specific details of the disclosure are not provided within this excerpt of the filing.

Why It Matters

Regulation FD ensures that all investors receive material information simultaneously, preventing selective disclosure to certain parties. This filing signals that American Express has information it deems important enough to share broadly with the public.

Risk Assessment

Risk Level: low — This 8-K merely indicates a Regulation FD disclosure was made, without revealing the content, thus the filing itself carries low inherent risk.

Key Players & Entities

• AMERICAN EXPRESS CO (company) — registrant
• February 15, 2024 (date) — date of report
• New York (location) — state of incorporation

FAQ

Key Financial Figures

• $0.20 — ch registered Common Shares (par value $0.20 per Share) AXP New York Stock Exchange

Filing Documents

• axp-20240215.htm (8-K) — 63KB
• 0000004962-24-000015.txt ( ) — 188KB
• axp-20240215.xsd (EX-101.SCH) — 2KB
• axp-20240215_lab.xml (EX-101.LAB) — 24KB
• axp-20240215_pre.xml (EX-101.PRE) — 12KB
• axp-20240215_htm.xml (XML) — 3KB

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure American Express Company (the "Company") is hereby furnishing below delinquency and write-off statistics for its U.S. Consumer and U.S. Small Business Card Member lending portfolios for the months ended January 31, 2024 and December 31 and November 30, 2023. American Express Company U.S. Consumer and U.S. Small Business Delinquency and Write-off Rate Statistics As of and for the months ended January 31, 2024 and December 31 and November 30, 2023 (Billions, except percentages) January 31, 2024 December 31, 2023 November 30, 2023 U.S. Consumer Card Member loans: Total loans $ 81.1 $ 83.2 $ 81.3 30 days past due loans as a % of total 1.5 % 1.4 % 1.4 % Average loans $ 82.1 $ 82.2 $ 80.1 Net write-off rate – principal only (a) 2.1 % 2.5% (b) 1.7% (b) U.S. Small Business Card Member loans: Total loans $ 26.2 $ 25.8 $ 25.9 30 days past due loans as a % of total 1.5 % 1.4 % 1.3 % Average loans $ 26.0 $ 25.9 $ 25.7 Net write-off rate – principal only (a) 2.1 % 2.2 % 2.0 % Total Card Member loans – U.S. Consumer and U.S. Small Business $ 107.3 $ 109.0 $ 107.2 (a) Net write-off rate based on principal only (i.e., excluding interest and/or fees). (b) Due to the timing of the Thanksgiving holiday in November 2023, information related to certain U.S. Consumer Card Member debt settlement agreements was received at a later time in the month. Operationally, such settlements resulted in writing off the associated loans in December 2023 in the ordinary course. The statistics presented above provide information that is additional to the data reported by the American Express Credit Account Master Trust (the "Lending Trust") in its monthly Form 10-D report filed with the Securities and Exchange Commission. The Card Member loans that have been securitized through the Lending Trust do not possess identical characteristics with those of the total U.S. Consumer or U.S. Small Business Card Member loan portfolios, which

View Full Filing

View this 8-K filing on SEC EDGAR