American Express Files 8-K for Regulation FD Disclosure

TL;DR

Amex filed an 8-K for Reg FD disclosure on 5/15/24. Keep an eye out for updates.

AI Summary

On May 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 making public information that could be material to investors. No specific financial transactions or significant events are detailed in the provided excerpt.

Why It Matters

This filing signifies that American Express is adhering to disclosure regulations, ensuring timely and fair dissemination of information to the public. It suggests potential upcoming announcements or clarifications relevant to investors.

Risk Assessment

Risk Level: low — The filing is a standard procedural disclosure and does not contain information about material adverse events or significant financial changes.

Key Numbers

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

Key Players & Entities

• AMERICAN EXPRESS CO (company) — Registrant
• May 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

FAQ

Key Financial Figures

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

Filing Documents

• axp-20240515.htm (8-K) — 62KB
• 0000004962-24-000044.txt ( ) — 185KB
• axp-20240515.xsd (EX-101.SCH) — 2KB
• axp-20240515_lab.xml (EX-101.LAB) — 21KB
• axp-20240515_pre.xml (EX-101.PRE) — 12KB
• axp-20240515_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 April 30, March 31 and February 29, 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 April 30, March 31 and February 29, 2024 (Billions, except percentages) April 30, 2024 March 31, 2024 February 29, 2024 U.S. Consumer Card Member loans: Total loans $ 82.6 $ 82.3 $ 80.4 30 days past due loans as a % of total 1.4 % 1.4 % 1.5 % Average loans $ 82.4 $ 81.3 $ 80.8 Net write-off rate – principal only (a) 2.5 % 2.3 % 2.4 % U.S. Small Business Card Member loans: Total loans $ 27.7 $ 27.6 $ 26.5 30 days past due loans as a % of total 1.4 % 1.5 % 1.5 % Average loans $ 27.6 $ 27.1 $ 26.4 Net write-off rate – principal only (a) 2.2 % 2.4 % 2.3 % Total Card Member loans – U.S. Consumer and U.S. Small Business $ 110.3 $ 109.9 $ 107.0 (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 better or worse as a result of, among other things, differences in the mix, vintage and aging of loans, the use of end-of-period principal loan balances to calculate write-off statistics in the Lending Trust

View Full Filing

View this 8-K filing on SEC EDGAR