American Express Files 8-K for Regulation FD Disclosure
Ticker: AXP · Form: 8-K · Filed: Oct 15, 2024 · CIK: 4962
| Field | Detail |
|---|---|
| Company | American Express CO (AXP) |
| Form Type | 8-K |
| Filed Date | Oct 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 - expect news soon.
AI Summary
On October 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 releasing material non-public information. No specific financial transactions or significant events beyond this disclosure are detailed in the provided excerpt.
Why It Matters
This filing signals that American Express is making a public announcement of material information, which could impact investor decisions and the company's stock price.
Risk Assessment
Risk Level: low — The filing is a standard procedural disclosure and does not contain information about specific risks or negative events.
Key Players & Entities
- AMERICAN EXPRESS CO (company) — Registrant
- October 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 city
- 10285 (location) — Principal executive offices zip code
FAQ
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to serve as a Regulation FD Disclosure, indicating that American Express Company is releasing material non-public information.
What is the date of the earliest event reported in this filing?
The date of the earliest event reported is October 15, 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, New York 10285.
What is the company's telephone number?
The company's telephone number, including area code, is (212) 640-2000.
Under which section of the Securities Exchange Act is this report filed?
This report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Filing Stats: 909 words · 4 min read · ~3 pages · Grade level 7 · Accepted 2024-10-15 12:01:05
Key Financial Figures
- $0.20 — ch registered Common Shares (par value $0.20 per Share) AXP New York Stock Exchange
Filing Documents
- axp-20241015.htm (8-K) — 71KB
- 0000004962-24-000065.txt ( ) — 194KB
- axp-20241015.xsd (EX-101.SCH) — 2KB
- axp-20241015_lab.xml (EX-101.LAB) — 21KB
- axp-20241015_pre.xml (EX-101.PRE) — 12KB
- axp-20241015_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 September 30, August 31 and July 31, 2024 and the three months ended September 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 September 30, August 31 and July 31, 2024 and the three months ended September 30, 2024 (Billions, except percentages) (Preliminary) September 30, 2024 August 31, 2024 July 31, 2024 (Preliminary) Three Months Ended September 30, 2024 U.S. Consumer Card Member loans: Total loans $ 86.8 $ 87.3 $ 85.9 $ 86.8 30 days past due loans as a % of total 1.4 % 1.3 % 1.3 % 1.4 % Average loans $ 87.0 $ 86.6 $ 85.4 $ 86.2 Net write-off rate – principal only (a) 1.9 % 2.2 % 2.1 % 2.1 % U.S. Small Business Card Member loans: Total loans $ 29.9 $ 30.1 $ 29.2 $ 29.9 30 days past due loans as a % of total 1.5 % 1.4 % 1.4 % 1.5 % Average loans $ 30.0 $ 29.6 $ 28.9 $ 29.4 Net write-off rate – principal only (a) 2.1 % 2.3 % 2.3 % 2.2 % Total Card Member loans – U.S. Consumer and U.S. Small Business $ 116.7 $ 117.4 $ 115.1 $ 116.7 (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