American Express Files 8-K for Regulation FD Disclosure

TL;DR

AXP filed an 8-K for Reg FD disclosure on Nov 15, 2024. No new material events detailed.

AI Summary

On November 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 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 ensures that any material information shared by American Express is made public simultaneously, maintaining fairness and transparency for all investors.

Risk Assessment

Risk Level: low — The filing is a standard procedural disclosure and does not contain information about new risks or significant negative events.

Key Players & Entities

• AMERICAN EXPRESS CO (company) — Registrant
• 200 Vesey Street (location) — Principal executive offices address
• New York (location) — State of incorporation and principal executive offices
• November 15, 2024 (date) — Date of report and earliest event reported

FAQ

Key Financial Figures

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

Filing Documents

• axp-20241115.htm (8-K) — 62KB
• 0000004962-24-000072.txt ( ) — 185KB
• axp-20241115.xsd (EX-101.SCH) — 2KB
• axp-20241115_lab.xml (EX-101.LAB) — 21KB
• axp-20241115_pre.xml (EX-101.PRE) — 12KB
• axp-20241115_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 October 31, September 30 and August 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 October 31, September 30 and August 31, 2024 (Billions, except percentages) October 31, 2024 September 30, 2024 August 31, 2024 U.S. Consumer Card Member loans: Total loans $ 88.0 $ 86.8 $ 87.3 30 days past due loans as a % of total 1.4 % 1.4 % 1.3 % Average loans $ 87.4 $ 87.0 $ 86.6 Net write-off rate – principal only (a) 2.4 % 1.9 % 2.2 % U.S. Small Business Card Member loans: Total loans $ 30.5 $ 29.9 $ 30.1 30 days past due loans as a % of total 1.5 % 1.5 % 1.4 % Average loans $ 30.2 $ 30.0 $ 29.6 Net write-off rate – principal only (a) 2.2 % 2.1 % 2.3 % Total Card Member loans – U.S. Consumer and U.S. Small Business $ 118.5 $ 116.7 $ 117.4 (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 L

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View this 8-K filing on SEC EDGAR