American Express Files 8-K Report
Ticker: AXP · Form: 8-K · Filed: Jan 15, 2025 · CIK: 4962
| Field | Detail |
|---|---|
| Company | American Express CO (AXP) |
| Form Type | 8-K |
| Filed Date | Jan 15, 2025 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.20, $758 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: regulation-fd, current-report
Related Tickers: AXP
TL;DR
AXP filed a routine 8-K on Jan 15, 2025. No major news.
AI Summary
On January 15, 2025, American Express Company filed an 8-K report. The filing primarily serves as a current report under Regulation FD, indicating no specific material event requiring immediate disclosure beyond routine reporting. The company's principal executive offices are located at 200 Vesey Street, New York, NY 10285.
Why It Matters
This 8-K filing by American Express Co. is a routine disclosure, indicating no significant new events or material changes that would impact investors immediately.
Risk Assessment
Risk Level: low — The filing is a standard 8-K for a current report, not indicating any specific new risks or material events.
Key Players & Entities
- AMERICAN EXPRESS CO (company) — Registrant
- January 15, 2025 (date) — Date of earliest event reported
- 200 Vesey Street, New York, New York 10285 (address) — Principal executive offices
- 212-640-2000 (phone_number) — Registrant's telephone number
FAQ
What is the purpose of this 8-K filing for American Express Co.?
This 8-K filing is a current report filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, and is being filed as of January 15, 2025.
What is the exact name of the registrant?
The exact name of the registrant is AMERICAN EXPRESS COMPANY.
In which state and jurisdiction was American Express Company incorporated?
American Express Company was incorporated in New York.
What is the address of American Express Company's principal executive offices?
The address of the principal executive offices is 200 Vesey Street, New York, New York 10285.
What is the telephone number of American Express Company?
The registrant's telephone number, including area code, is (212) 640-2000.
Filing Stats: 1,023 words · 4 min read · ~3 pages · Grade level 7.3 · Accepted 2025-01-15 12:00:22
Key Financial Figures
- $0.20 — ch registered Common Shares (par value $0.20 per Share) AXP New York Stock Exchange
- $758 million — ember 1, 2024, the Company reclassified $758 million of Card Member loans related to its Low
Filing Documents
- axp-20250115.htm (8-K) — 72KB
- 0000004962-25-000002.txt ( ) — 195KB
- axp-20250115.xsd (EX-101.SCH) — 2KB
- axp-20250115_lab.xml (EX-101.LAB) — 21KB
- axp-20250115_pre.xml (EX-101.PRE) — 12KB
- axp-20250115_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 December 31, November 30 and October 31, 2024 and the three months ended December 31, 2024. Effective December 1, 2024, the Company reclassified $758 million of Card Member loans related to its Lowe's small business cobrand portfolio to Card Member loans held for sale on the Consolidated Balance Sheets. Such Card Member loans are not reflected in the table below for December 2024, which only reflects Card Member loans held for investment. American Express Company U.S. Consumer and U.S. Small Business Delinquency and Write-off Rate Statistics As of and for the months ended December 31, November 30 and October 31, 2024 and the three months ended December 31, 2024 (Billions, except percentages) (Preliminary) December 31, 2024 November 30, 2024 October 31, 2024 (Preliminary) Three Months Ended December 31, 2024 U.S. Consumer Card Member loans: Total loans $ 92.6 $ 89.3 $ 88.0 $ 92.6 30 days past due loans as a % of total 1.4 % 1.4 % 1.4 % 1.4 % Average loans $ 91.0 $ 88.7 $ 87.4 $ 89.2 Net write-off rate – principal only (a) 2.1 % 2.0 % 2.4 % 2.1 % U.S. Small Business Card Member loans: Total loans $ 29.6 $ 30.7 $ 30.5 $ 29.6 30 days past due loans as a % of total 1.5 % 1.5 % 1.5 % 1.5 % Average loans $ 30.2 $ 30.6 $ 30.2 $ 30.2 Net write-off rate – principal only (a) 2.4 % 2.3 % 2.2 % 2.3 % Total Card Member loans – U.S. Consumer and U.S. Small Business $ 122.2 $ 120.0 $ 118.5 $ 122.2 (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