American Express Files 8-K for Regulation FD Disclosure
Ticker: AXP · Form: 8-K · Filed: Jun 17, 2024 · CIK: 4962
| Field | Detail |
|---|---|
| Company | American Express CO (AXP) |
| Form Type | 8-K |
| Filed Date | Jun 17, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.20 |
| Sentiment | neutral |
Sentiment: neutral
Topics: regulatory-filing, regulation-fd
Related Tickers: AXP
TL;DR
AXP filed an 8-K for Reg FD disclosure, no major news yet.
AI Summary
On June 17, 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 available in accordance with the Fair Disclosure rules. No specific financial transactions or material events are detailed in the provided excerpt.
Why It Matters
This filing ensures that American Express is complying with regulations regarding the public disclosure of material information, maintaining transparency with investors.
Risk Assessment
Risk Level: low — The filing is a standard regulatory disclosure and does not contain information about new risks or significant negative events.
Key Players & Entities
- AMERICAN EXPRESS CO (company) — Registrant
- June 17, 2024 (date) — Date of Report
- 200 Vesey Street (location) — Principal Executive Offices Address
- New York (location) — City of Principal Executive Offices
- 10285 (location) — Zip Code of Principal Executive Offices
FAQ
What is the purpose of this 8-K filing by American Express Company?
The 8-K filing is for a Regulation FD Disclosure, indicating the company is making information public in accordance with fair disclosure rules.
What is the date of the earliest event reported in this filing?
The date of the earliest event reported is June 17, 2024.
What is the principal executive office address of American Express Company?
The principal executive office address is 200 Vesey Street, 50th Floor, New York, NY 10285.
What is the telephone number of American Express Company?
The registrant's telephone number is (212) 640-2000.
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.
Filing Stats: 864 words · 3 min read · ~3 pages · Grade level 7.1 · Accepted 2024-06-17 12:01:29
Key Financial Figures
- $0.20 — ch registered Common Shares (par value $0.20 per Share) AXP New York Stock Exchange
Filing Documents
- axp-20240617.htm (8-K) — 62KB
- 0000004962-24-000046.txt ( ) — 185KB
- axp-20240617.xsd (EX-101.SCH) — 2KB
- axp-20240617_lab.xml (EX-101.LAB) — 21KB
- axp-20240617_pre.xml (EX-101.PRE) — 12KB
- axp-20240617_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 May 31, April 30 and 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 May 31, April 30 and March 31, 2024 (Billions, except percentages) May 31, 2024 April 30, 2024 March 31, 2024 U.S. Consumer Card Member loans: Total loans $ 84.0 $ 82.6 $ 82.3 30 days past due loans as a % of total 1.3 % 1.4 % 1.4 % Average loans $ 83.3 $ 82.4 $ 81.3 Net write-off rate – principal only (a) 2.4 % 2.5 % 2.3 % U.S. Small Business Card Member loans: Total loans $ 28.2 $ 27.7 $ 27.6 30 days past due loans as a % of total 1.4 % 1.4 % 1.5 % Average loans $ 27.9 $ 27.6 $ 27.1 Net write-off rate – principal only (a) 2.5 % 2.2 % 2.4 % Total Card Member loans – U.S. Consumer and U.S. Small Business $ 112.2 $ 110.3 $ 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 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 compared to th