American Express Files 8-K for Regulation FD Disclosure

TL;DR

AXP just filed an 8-K for a Reg FD disclosure - watch for news.

AI Summary

On April 15, 2024, American Express Company filed an 8-K report. This filing primarily serves as a notification of a Regulation FD Disclosure, indicating that the company is releasing material non-public information to the public. No specific financial transactions or significant events are detailed in the provided excerpt.

Why It Matters

This filing signals that American Express is making a public announcement of information that could impact its stock price, requiring investors to stay informed.

Risk Assessment

Risk Level: low — The provided excerpt is a standard procedural filing and does not contain information that inherently increases risk.

Key Numbers

• 1-7657 — Commission File Number (Identifies the company's SEC filing history.)
• 13-4922250 — IRS Employer Identification No. (Company's tax identification number.)

Key Players & Entities

• AMERICAN EXPRESS CO (company) — Registrant
• April 15, 2024 (date) — Date of earliest event reported
• 200 Vesey Street (location) — Principal executive offices address
• New York (location) — State of incorporation and principal executive offices
• 10285 (location) — ZIP code for principal executive offices

FAQ

Key Financial Figures

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

Filing Documents

• axp-20240415.htm (8-K) — 71KB
• 0000004962-24-000023.txt ( ) — 194KB
• axp-20240415.xsd (EX-101.SCH) — 2KB
• axp-20240415_lab.xml (EX-101.LAB) — 21KB
• axp-20240415_pre.xml (EX-101.PRE) — 12KB
• axp-20240415_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 March 31, February 29 and January 31, 2024 and the three months ended March 31, 2024. American Express Company U.S. Consumer and U.S. Small Business Delinquency and Write-off Rate Statistics As of and for the months ended March 31, February 29 and January 31, 2024 and the three months ended March 31, 2024 (Billions, except percentages) (Preliminary) March 31, 2024 February 29, 2024 January 31, 2024 (Preliminary) Three Months Ended March 31, 2024 U.S. Consumer Card Member loans: Total loans $ 82.3 $ 80.4 $ 81.1 $ 82.3 30 days past due loans as a % of total 1.4 % 1.5 % 1.5 % 1.4 % Average loans $ 81.3 $ 80.8 $ 82.1 $ 81.7 Net write-off rate – principal only (a) 2.3 % 2.4 % 2.1 % 2.3 % U.S. Small Business Card Member loans: Total loans $ 27.6 $ 26.5 $ 26.2 $ 27.6 30 days past due loans as a % of total 1.5 % 1.5 % 1.5 % 1.5 % Average loans $ 27.1 $ 26.4 $ 26.0 $ 26.6 Net write-off rate – principal only (a) 2.4 % 2.3 % 2.1 % 2.3 % Total Card Member loans – U.S. Consumer and U.S. Small Business $ 109.9 $ 107.0 $ 107.3 $ 109.9 (a) Net write-off rate based on principal only (i.e., excluding interest and/or fees). 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 include securitized and non-securitized Card Member loans. The reported credit performance of the Lending Trust may, on a month-to-month basis, be

View Full Filing

View this 8-K filing on SEC EDGAR