American Express Files 8-K for Regulation FD Disclosure
Ticker: AXP · Form: 8-K · Filed: Mar 15, 2024 · CIK: 4962
| Field | Detail |
|---|---|
| Company | American Express CO (AXP) |
| Form Type | 8-K |
| Filed Date | Mar 15, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.20 |
| Sentiment | neutral |
Sentiment: neutral
Topics: regulation-fd, disclosure
Related Tickers: AXP
TL;DR
AXP filed an 8-K for Reg FD. No major news yet.
AI Summary
On March 15, 2024, American Express Company filed an 8-K report. The filing primarily serves as a notification of a Regulation FD Disclosure, indicating that the company is providing material information to the public. No specific financial transactions or significant events are detailed in the provided excerpt.
Why It Matters
This filing ensures that any material information released by American Express is made available to all investors simultaneously, maintaining fair disclosure practices.
Risk Assessment
Risk Level: low — The filing is a standard procedural disclosure and does not contain information that inherently increases risk.
Key Players & Entities
- AMERICAN EXPRESS CO (company) — Registrant
- March 15, 2024 (date) — Date of earliest event reported
- 200 Vesey Street, New York, New York 10285 (address) — Principal executive offices
FAQ
What is the purpose of this 8-K filing for American Express Company?
The 8-K filing is primarily for a Regulation FD Disclosure, indicating the company is providing material information to the public.
What is the date of the earliest event reported in this filing?
The date of the earliest event reported is March 15, 2024.
Where are American Express Company's principal executive offices located?
The principal executive offices are located at 200 Vesey Street, New York, New York 10285.
Under which section of the Securities Exchange Act of 1934 is this report filed?
This report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Does this filing detail any specific financial transactions or significant events?
Based on the provided excerpt, this filing serves as a notification for Regulation FD Disclosure and does not detail specific financial transactions or significant events.
Filing Stats: 927 words · 4 min read · ~3 pages · Grade level 7.4 · Accepted 2024-03-15 12:03:37
Key Financial Figures
- $0.20 — ch registered Common Shares (par value $0.20 per Share) AXP New York Stock Exchange
Filing Documents
- axp-20240315.htm (8-K) — 63KB
- 0000004962-24-000019.txt ( ) — 186KB
- axp-20240315.xsd (EX-101.SCH) — 2KB
- axp-20240315_lab.xml (EX-101.LAB) — 21KB
- axp-20240315_pre.xml (EX-101.PRE) — 12KB
- axp-20240315_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 February 29 and January 31, 2024 and December 31, 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 February 29 and January 31, 2024 and December 31, 2023 (Billions, except percentages) February 29, 2024 January 31, 2024 December 31, 2023 U.S. Consumer Card Member loans: Total loans $ 80.4 $ 81.1 $ 83.2 30 days past due loans as a % of total 1.5 % 1.5 % 1.4 % Average loans $ 80.8 $ 82.1 $ 82.2 Net write-off rate – principal only (a) 2.4 % 2.1 % 2.5% (b) U.S. Small Business Card Member loans: Total loans $ 26.5 $ 26.2 $ 25.8 30 days past due loans as a % of total 1.5 % 1.5 % 1.4 % Average loans $ 26.4 $ 26.0 $ 25.9 Net write-off rate – principal only (a) 2.3 % 2.1 % 2.2 % Total Card Member loans – U.S. Consumer and U.S. Small Business $ 107.0 $ 107.3 $ 109.0 (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 incl