American Express Files 8-K for Regulation FD Disclosure

TL;DR

Amex filed an 8-K for a Reg FD disclosure - watch for more info.

AI Summary

On September 16, 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 non-public information to the public. No specific financial transactions or material events are detailed in the provided excerpt.

Why It Matters

This filing signals that American Express is making a public disclosure of information, which could be material to investors. Investors should look for subsequent filings or press releases for the actual content of the disclosure.

Risk Assessment

Risk Level: low — The filing itself is a procedural notification and does not contain specific financial or operational risks.

Key Players & Entities

• AMERICAN EXPRESS CO (company) — Registrant
• September 16, 2024 (date) — Date of earliest event reported
• 200 Vesey Street (location) — Principal executive offices address
• New York (location) — Principal executive offices city and state
• 10285 (location) — Principal executive offices zip code
• 2126402000 (phone_number) — Registrant's telephone number

FAQ

Key Financial Figures

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

Filing Documents

• axp-20240916.htm (8-K) — 62KB
• 0000004962-24-000061.txt ( ) — 185KB
• axp-20240916.xsd (EX-101.SCH) — 2KB
• axp-20240916_lab.xml (EX-101.LAB) — 21KB
• axp-20240916_pre.xml (EX-101.PRE) — 12KB
• axp-20240916_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 August 31, July 31 and 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 August 31, July 31 and June 30, 2024 (Billions, except percentages) August 31, 2024 July 31, 2024 June 30, 2024 U.S. Consumer Card Member loans: Total loans $ 87.3 $ 85.9 $ 85.0 30 days past due loans as a % of total 1.3 % 1.3 % 1.3 % Average loans $ 86.6 $ 85.4 $ 84.5 Net write-off rate – principal only (a) 2.2 % 2.1 % 2.3 % U.S. Small Business Card Member loans: Total loans $ 30.1 $ 29.2 $ 28.6 30 days past due loans as a % of total 1.4 % 1.4 % 1.4 % Average loans $ 29.6 $ 28.9 $ 28.4 Net write-off rate – principal only (a) 2.3 % 2.3 % 2.4 % Total Card Member loans – U.S. Consumer and U.S. Small Business $ 117.4 $ 115.1 $ 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 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

View Full Filing

View this 8-K filing on SEC EDGAR