American Express Files 8-K for Regulation FD Disclosure
Ticker: AXP · Form: 8-K · Filed: Jul 15, 2024 · CIK: 4962
| Field | Detail |
|---|---|
| Company | American Express CO (AXP) |
| Form Type | 8-K |
| Filed Date | Jul 15, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.20 |
| Sentiment | neutral |
Sentiment: neutral
Topics: disclosure, regulation-fd
Related Tickers: AXP
TL;DR
AXP filed an 8-K for a Reg FD disclosure on 7/15.
AI Summary
On July 15, 2024, American Express Company filed an 8-K report. The filing primarily serves as a notification of a Regulation FD Disclosure. No specific financial transactions or material events beyond this disclosure are detailed in the provided excerpt.
Why It Matters
This filing indicates that American Express is making a public disclosure under Regulation FD, ensuring all investors receive the same material information simultaneously.
Risk Assessment
Risk Level: low — The filing is a standard procedural disclosure and does not contain information about significant financial events or risks.
Key Players & Entities
- AMERICAN EXPRESS CO (company) — Registrant
- 0000004962-24-000049 (filing_id) — Accession Number
- July 15, 2024 (date) — Report Date
- 200 Vesey Street (address) — Principal Executive Offices
- New York (location) — City
- 10285 (zip_code) — Principal Executive Offices
- 2126402000 (phone_number) — Registrant's telephone number
FAQ
What is the purpose of this 8-K filing for American Express Company?
The purpose of this 8-K filing is to report a Regulation FD Disclosure, as indicated by the filing information.
On what date was this 8-K report filed or effective?
The report was filed as of and the date of the earliest event reported is July 15, 2024.
What is the principal executive office address for American Express Company?
The address of the principal executive offices is 200 Vesey Street, New York, New York 10285.
What is the telephone number for American Express Company?
The registrant's telephone number, including area code, is (212) 640-2000.
Under which section of the Securities Exchange Act of 1934 is this report filed?
This Current Report is filed Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Filing Stats: 905 words · 4 min read · ~3 pages · Grade level 6.7 · Accepted 2024-07-15 12:00:23
Key Financial Figures
- $0.20 — ch registered Common Shares (par value $0.20 per Share) AXP New York Stock Exchange
Filing Documents
- axp-20240715.htm (8-K) — 71KB
- 0000004962-24-000049.txt ( ) — 194KB
- axp-20240715.xsd (EX-101.SCH) — 2KB
- axp-20240715_lab.xml (EX-101.LAB) — 21KB
- axp-20240715_pre.xml (EX-101.PRE) — 12KB
- axp-20240715_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 June 30, May 31 and April 30, 2024 and the three months ended June 30, 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 June 30, May 31 and April 30, 2024 and the three months ended June 30, 2024 (Billions, except percentages) (Preliminary) June 30, 2024 May 31, 2024 April 30, 2024 (Preliminary) Three Months Ended June 30, 2024 U.S. Consumer Card Member loans: Total loans $ 85.0 $ 84.0 $ 82.6 $ 85.0 30 days past due loans as a % of total 1.3 % 1.3 % 1.4 % 1.3 % Average loans $ 84.5 $ 83.3 $ 82.4 $ 83.5 Net write-off rate – principal only (a) 2.3 % 2.4 % 2.5 % 2.4 % U.S. Small Business Card Member loans: Total loans $ 28.6 $ 28.2 $ 27.7 $ 28.6 30 days past due loans as a % of total 1.4 % 1.4 % 1.4 % 1.4 % Average loans $ 28.4 $ 27.9 $ 27.6 $ 28.0 Net write-off rate – principal only (a) 2.4 % 2.5 % 2.2 % 2.3 % Total Card Member loans – U.S. Consumer and U.S. Small Business $ 113.6 $ 112.2 $ 110.3 $ 113.6 (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 resul